KUALA NERANG, March 13 — The price of crude palm oil is expected to continue to rise at least until the third quarter of this year and is projected to reach RM9,300 a tonne.
“If you monitor crude palm oil futures, Insyallah it will touch RM9,300 a tonne. We think the upward trend in palm oil prices will continue from now until the third quarter of this year. She was asked to comment on the rising trend of CPO which was reported to have soared over RM8,000 at the beginning of last month and was at RM7,546 per tonne as of last Thursday.
“However, we still give subsidies, which is 20 per cent of our crude palm oil we subsidise the rakyat, so it is not an issue ,” she said.
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