El Nino may cause CPO prices to hit, even exceed RM4,000 per tonne in 2H2023 — Sime Darby Plantation MD
23/08/2023 (The Edge Malaysia), Kuala Lumpur - Crude palm oil (CPO) prices may rise to, or even surpass RM4,000 per tonne in the second half of 2023 (2H2023) due to the El Nino phenomenon, compared to the current level of RM3,000 per tonne, according to Sime Darby Plantation Bhd managing director Datuk Mohamad Helmy Othman Basha.