Can CPO Sustain Above RM4,000 Per Metric Ton

Alvin Tai, Analyst, Bloomberg Intelligence

24-Jul-23 07:30

Can CPO Sustain Above RM4,000 Per Metric Ton

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News of Russia terminating the Black Sea grain corridor agreement gave an immediate uplift to crude palm oil prices last week. But is this knee jerk reaction sustainable or will the sector fundamentals continue to place downward pressure on CPO price? We ask Alvin Tai, Senior Analyst, Bloomberg Intelligence this question and where he sees CPO pricing headed moving forward?

Image by: Shutterstock

Produced by: Wong Shou Ning

Presented by: Mark Tan, Wong Shou Ning, Keith Kam

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Categories: international, economy, markets

Tags: UN grain deal, russia, cpo prices,

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