PETALING JAYA: Crude palm oil (CPO) is on track to hit a historic average selling price (ASP) of RM3,500 per tonne this year, breaking the previous record of RM3,274 per tonne in 2011.
Year to date, the CPO spot price and benchmark third-month CPO futures contract have averaged at RM4,099 and RM3,821 per tonne respectively.
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