Value Investor Research
ECM: Plantation: CPO price seen fluctuating
value_investor
Publish date: Thu, 16 Feb 2012, 11:33 PM
The price of crude palm oil (SPO) will fluctuate but is not likely to drop below RM3, 000/MT as demand for CPO will stay robust due to rising consumption, said Malaysian Palm Oil Council (MPOC) deputy CEO Dr Kalyana Sundram. He said the demand for palm oil would likely outstrip supply as population rose, adding that the average price of RM3,000 was also buoyed by favourable weather which impacted production positively. (Starbiz)
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