Where Is The CPO Price Heading?

Alvin Tai, Analyst, Bloomberg Intelligence

17-Sep-24 07:30

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The price of crude palm oil is currently hovering above the RM3,800 level as Malaysia’s August palm oil stockpile rose to a six-month high since February, driven by seasonally higher production and lower exports. Alvin Tai, an analyst at Bloomberg Intelligence, shares his views on the direction of the commodity amid the strengthening of the ringgit, weakening soybean oil prices and even the prospect of another Donald Trump presidency.

Image Credit: shutterstock.com

Produced by: Natalie Tan

Presented by: Shazana Mokhtar, Keith Kam

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Categories: markets, economy

Tags: soybean oil, crude palm oil, ringgit malaysia, commodity prices,

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