MPOC sees CPO prices above RM4,800/tonne as soybean prices, low inventory lift
17/12/2024 (The Edge Malaysia), Kuala Lumpur - Crude palm oil (CPO) prices are expected to be firm above RM4,800 per tonne, said the Malaysian Palm Oil Council (MPOC), on the back of price recovery in soybean oil due to growing usage in the US biofuel industry and tightening Malaysian production and inventory.
