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A year of two halves for palm oil sector | Money

KUALA LUMPUR, Dec 19   Labour shortage was the biggest hurdle faced by the palm oil industry this year, with losses for the country running into billions of ringgit, but the global economic reopening has resulted in pent-up demand for the versatile oil. Palm oil and rubber are.

Analysts mixed on plantation sector, expect CPO prices to remain high | Daily Express Online

MIDF Research has maintained a ‘Positive’ stance on the plantation sector with a target price for Crude Palm Oil (CPO) of RM3,300 per tonne in calendar year 2022 (CY22).  In a research note, it said for November 2021, the average CPO spot price increased 4.7 per cent month-on-month (m-o-m) to RM5,331.60 per tonne from RM5,094.42 per tonne in the previous month.  On year-on-year (y-o-y) basis, the average CPO spot price jumped 55.0 per cent from RM3,440.83 per tonne in November 2020. The CPO price hit the highest on Nov 19, 2021 at RM5,444.00 per tonne

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