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Forecasting Price Trends: A weekly column by G.M. Teoh on Crude Palm Oil, Soyoil, Cocoa and Cash Tin.
SIGNS of crude palm oil (CPO) prices hitting RM2,000 per tonne this week may be greeted with glee by plantation players expecting a big windfall this year, but long-term industry players seem to prefer seeing prices stabilise at around RM1,400 to RM1,600 per tonne.
IOI Corp Bhd expects crude palm oil (CPO) prices to remain at the current RM1,700 per tonne level until the first quarter next year.