KUALA LUMPUR: Crude palm oil (CPO) futures on Bursa Malaysia Derivatives for the third month and September 2022 are expected to decline to RM5,000 per tonne and RM4,000 per tonne, respectively, as demand slows down and production picks up, according to Godrej International Trading & Investments Pte Ltd.
Thursday, 07 Jan 2021 05:05 PM MYT
At the close of trading yesterday, crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives continued to rally for a third consecutive day with the benchmark March 2021 closing at a fresh high of RM3,877 per tonne. Reuters pic
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KUALA LUMPUR, Jan 7 The palm oil industry outlook is expected to be rosier this year with business resumption, improved production by producers and higher consumption in traditional markets, a plantation expert said.
“Palm oil price will rise despite already having increased by 40 per cent, and it is finally coming back, tracking more market share. This could also be due to the Covid-19 vaccine availability.
Rosier outlook for palm oil, says expert » Borneo Bulletin Online borneobulletin.com.bn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from borneobulletin.com.bn Daily Mail and Mail on Sunday newspapers.