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KUALA LUMPUR (Dec 28): Malaysian benchmark crude palm oil (CPO) spot prices will average US$850 (RM3,763.80) per tonne in 2023, significantly lower than US$1,175 per tonne in 2022, according to Fitch Ratings.

In a statement on Tuesday (Dec 27), the rating agency said benchmark prices have rebounded to above US$850 per tonne in the fourth quarter of 2022 (4Q2022), from the end-September level of around US$700 per tonne.

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KUALA LUMPUR (Aug 22): Fitch Solutions Country Risk and Industry Research anticipates the current downward trend in crude palm oil (CPO) prices to continue in the next four years to a low of RM2,600 per tonne in 2026.

The research outfit expects the edible oil prices to decline 23.1% year-on-year to RM4,000 per tonne next year. It reasons that the effects of one-off events that occurred in the first half of 2022 — the Russia-Ukraine conflict and the Indonesian palm oil export ban — are to ease further.

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KUALA LUMPUR: Investors will likely focus on the domestic plantation industry in the coming weeks as crude palm oil (CPO) prices are currently hovering around RM7,500 a tonne on a spot basis.

"Given that such level can be deemed at an all-time high, we could say investor's interest would revolve around this sector in the immediate term," Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said.

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SUMBER: NEW STRAITS TIMES, 4
28 JUN 2022

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GOVERNMENT support in terms of strong policy and allocation of funds will help to further improve palm oil sustainability practices and requirements for the Malaysian Sustainable Palm Oil (MSPO) certification.

The promotion of Malaysian palm oil globally will also lead to higher acceptability and better market access.