CRUDE palm oil (CPO) prices are likely to remain elevated in the first half of 2022 before potentially falling in the second half. Mohd Haris adds that the group does not foresee palm oil production in Malaysia improving significantly in 2022, compared with 2021. We should be looking at CPO prices ranging between RM5,000 to RM5,500 per tonne in the first half,” he says. It has come to a point where prices are so painful, that demand may just collapse and then, the prices will correct. He also points out that biodiesel mandates is another factor behind elevated CPO prices.

Source: The Star February 19, 2022 12:08 UTC