What is the average CPO price comparison between 2020 and 2019?

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The average realised price for crude palm oil increased from 2019 to 2020.

The average realised price for crude palm oil (CPO) in 2020 was RM2,729 per tonne, an increase from the RM2,122 per tonne recorded in 2019. This higher price contributed significantly to Sarawak Oil Palms Bhd's improved profit for the financial year ended December 31, 2020.
Higher Average Realised Price in 2020

Sarawak Oil Palms Bhd (SOPB) reported that the average realised price for CPO in 2020 stood at RM2,729 per tonne. This figure represents a notable rise compared to the previous year.
Comparison with 2019 Pricing

In the financial year 2019, the average realised price for CPO was RM2,122 per tonne. The increase observed in 2020 reflects a more favourable pricing environment for palm products during that period.
Impact on Company Profitability

The company attributed its improved group profit after tax of RM220.16 million in 2020, compared to RM91.59 million in 2019, primarily to these higher palm product prices. Despite a 6.5 per cent fall in revenue to RM2.78 billion, the enhanced pricing per tonne significantly boosted profitability.

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What is the average CPO price comparison between 2020 and 2019?

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