Can CPO Sustain Above RM4,000 Per Metric Ton
Alvin Tai, Analyst, Bloomberg Intelligence
24-Jul-23 07:30
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News of Russia terminating the Black Sea grain corridor agreement gave an immediate uplift to crude palm oil prices last week. But is this knee jerk reaction sustainable or will the sector fundamentals continue to place downward pressure on CPO price? We ask Alvin Tai, Senior Analyst, Bloomberg Intelligence this question and where he sees CPO pricing headed moving forward?
Image by: Shutterstock
Produced by: Wong Shou Ning
Presented by: Mark Tan, Wong Shou Ning, Keith Kam
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Categories: international, economy, markets
Tags: UN grain deal, russia, cpo prices,