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Malaysian analysts expect lower crude palm oil prices in 2023

januari 11, 2023by Reacties uitgeschakeld voor Malaysian analysts expect lower crude palm oil prices in 2023

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KUALA LUMPUR, Jan. 11 (Xinhua) — Malaysian analysts on Wednesday foresaw crude palm oil (CPO) prices to trend lower in 2023 on increased supply and slow demand.

Malaysia’s leading securities and investment group, Affin Hwang Investment Bank, said in a note that it believed that CPO prices could be supported at 3,700 ringgit (846 U.S. dollars) to 4,000 ringgit (914 dollars) per ton in the short-term, given the s

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