Malaysian Palm Oil Council expects CPO to trade at RM4,000-RM4,200 a tonne in April

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Malaysian Palm Oil Council MPOC News

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KUALA LUMPUR, April 16 — Crude palm oil (CPO) prices, which surged in March 2024 to hit a peak of RM4,327 a tonne, are expected to move within a stable range of RM4,000 to...

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Anticipated higher month-on-month palm oil production from April onwards is likely to limit a palm oil price rally, it said. “However, according to Oil World projections, sunflower oil production growth in the Black Sea region for the 2023/2024 marketing year is anticipated to occur in the first half of the season.

 

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