Hanging tough: Despite the narrowing of CPO price discount to soybean, CPO has been holding firm in the past months, which is a phenomenon
PETALING JAYA: The dramatic narrowing of crude palm oil (CPO) price discount to its competitors – soybean and rapeseed oils – can hamper the steady increase in the price of the local commodity, currently trading above RM2,700 per tonne, from touching the targeted RM3,000 per tonne mark this year.
The traditional CPO price discount to soybean oil has been at about US$150 to US$200 per tonne range, said industry expert MR Chandran.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
