YOUR GATEWAY TO INDONESIA AND SOUTHEAST ASIA
Search
xxx hd
No image

Analysts foresee CPO prices to remain high due to tight supply

KUALA LUMPUR, Dec. 11 (Xinhua) — Analysts have on Wednesday foreseen crude palm oil (CPO) prices to stay high underpinned by tight supply.

Hong Leong Investment Bank Research said in a note that it maintained CPO price assumptions of 4,150 ringgit (938 U.S. dollars) per ton this year and 4,000 ringgit per ton for the next year, with the view that CPO price will remain at elevated levels, supported by weak near-