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Are days of ‘super-high’ CPO prices gone?

The Star Business LogoThe Star Business1w ago

Are days of ‘super-high’ CPO prices gone?

Quick Summary

Indonesia, the world’s biggest shipper of edible oils, announced on May 19 that it would lift the ban on palm oil exports that the Joko Widodo administration had imposed three weeks earlier.

Some experts are predicting even cheaper CPO prices in the second half of 2022 (2H22), although on a full-year basis, the average CPO price is forecast to be above the RM5,000-per-tonne mark.

According to Mohd Nageeb, Russia and Ukraine contribute 80% of the world’s sunflower oil supply.“A shortage of CPO would prolong over the next one to two years, considering that many planters are not using fertilisers at the amount they should.“This is due to the higher fertiliser cost.


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Article Details

Author / Journalist: GANESHWARAN KANA

Category: Economy

Topics: Bursa Malaysia Plantations /Business/Business News CPO Commodities Palm oil Datuk Mohd Nageeb Abdul Wahab Prices

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 00:00:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 5 minutes read

Article Length: 899 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 6512

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 18 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 1d ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

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