CPO Prices To Soften Ahead

Alvin Tai, Soft Commodity Analyst, Bloomberg Intelligence

16-Mar-23 07:30

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Last year CPO prices at one point reached a record high of over RM6000 ringgit per metric tonne in April, as a result of heightened demand due to the Ukraine war and issues affecting production supply. It’s currently trading at a much more modest RM3970 ringgit, down 4% on a year to date basis. How will CPO prices trend in the months ahead? Alvin Tay of Bloomberg Intelligence discusses the outlook for the sector.

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Produced by: Moh Heng Ying

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Categories: markets, economy, Corporates

Tags: crude palm oil prices, eudr, indonesia, palm oil,

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