Kalyana says current CPO prices reflect the value of palm oil in the market.
KUALA LUMPUR (Bernama): Crude palm oil (CPO) prices are likely to remain in an uptrend from RM3,116 per tonne currently despite the renewed Middle East geopolitical tensions, said Malaysian Palm Oil Council chief executive officer Datuk Dr Kalyana Sundram.
The uptrend would be supported by the reduction in Indonesia’s palm oil production and the surge in crude oil prices amid the Middle East tensions, he explained.
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