Loss of edge: Fry says the recent surge in CPO prices has reduced its competitiveness against competing oils.
KUALA LUMPUR: Palm oil industry expert James Fry expects crude palm oil (CPO) prices to remain firm, trading above RM3,000 per tonne this year as production prospects in Indonesia and Malaysia soften.
He projected CPO to trade between RM3,000 and RM3,100 per tonne in the next two to three months.
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