KUALA LUMPUR: Prices of palm oil and other commodities may see a decline in the second half of the year as a possible stagflation and recession squeeze demand, leading analyst Dorab Mistry said on Wednesday.
Crude palm oil futures are likely to decline to 5,000 ringgit ($1,196) a tonne and eventually to 4,000 ringgit by September, Mistry, director of Indian consumer goods company Godrej International, said at an industry conference in Kuala Lumpur. Prices are currently just under 6,500 ringgit.
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!
