PETALING JAYA: Plantation analysts are revising upward their crude palm oil (CPO) average price forecasts to above RM4,000 per tonne for this year, from their earlier projections between the RM3,100 and RM3,400 per tonne levels.
KUALA LUMPUR, Aug 12 ― Research firms believe the price of crude palm oil (CPO) would stay higher for quite some time given its tight supply situation which would likely remain at least until the third quarter of 2021. Malaysia’s July 2021 palm oil inventory decreased by 7.3 per cent.
Saturday, 23 Jan 2021 03:47 PM MYT
Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi said the CPO price was reported to have risen above RM3000 per tonne in December last year, receiving many complaints about the increase in the price of non-subsidised cooking oil. Picture by Yusof Mat Isa
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PUTRAJAYA, Jan 23 The rise in non-subsidised cooking oil prices was influenced by the rising price of crude palm oil (CPO) since August last year, said Domestic Trade and Consumer Affairs Minister Datuk Seri Alexander Nanta Linggi.
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