CPO futures reach record high of RM7,000, but uptrend may not be sustainable in long term
KUALA LUMPUR (Feb 24): As the conflict in the Black Sea region between Russia and Ukraine continues to escalate, oil of all types has gone on a tear, including crude palm oil (CPO) which has set a new record high since 2008 of around RM7,000 a tonne, putting a poser over whether prices would be sustained over the longer term.
