- Will crude palm oil price reach RM2,625 a tonne in the first quarter of this year?
- An expert from LMC International believes that CPO futures can hit RM2,625 a tonne by April 2010 if CPO stocks remain tight and crude oil prices remain steady at around US$75 a barrel. However he expects the premium for CPO over crude oil prices to then return to a more 'normal' range of US$250 a tonne. However, should crude oil prices fall by US$10 a barrel, CPO futures may drop to RM2,350 a tonne within the next five months.
Wednesday, January 13, 2010
WHITHER CPO PRICES ?
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