Will current CPO prices sustain despite global uncertainties?

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Malaysian Palm Oil Board Optimistic About Sustained Crude Palm Oil Prices

The Malaysian Palm Oil Board (MPOB) anticipates a continued rise in crude palm oil (CPO) prices from the current RM2,800 per tonne level. This optimism is primarily driven by sustained demand from key importing nations, notably India, which remains a significant market for Malaysian palm oil.
Continued Demand from India Bolsters Price Outlook

India's consistent import of Malaysian palm oil, reaching 4.4 million tonnes out of its total 9.0 million tonnes last year, underpins the positive price forecast. This strong demand from a major importing country is a crucial factor in MPOB's projection of sustained price increases, even amidst broader global economic conditions.
Government Diplomacy Supports Export Continuity

The government's role in fostering robust diplomatic relations is viewed as instrumental in ensuring the uninterrupted flow of Malaysian palm oil exports. Maintaining strong bilateral ties is considered essential for securing the continued access of palm oil products to international markets, thereby supporting price stability and growth.
Tokotrienol Market Expansion Temporarily Halted

While the outlook for CPO prices is positive, efforts to broaden the market for tokotrienol products have experienced a slowdown. This deceleration is attributed to the impact of the Covid-19 pandemic, which necessitated the halting of overseas promotional activities. MPOB hopes to resume these initiatives, particularly in Europe, China, and the US, once international travel restrictions ease and borders reopen.

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Will current CPO prices sustain despite global uncertainties?

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