PETALING JAYA: Plantation companies are expected to gain from the strong price of crude palm oil (CPO) but the outlook among brokers is mixed for planters heading into 2022.
With CPO futures having retreated slightly to around RM4,900 per tonne after hitting a historical high of RM5,017 per tonne last month, the outlook for the CPO price continues to be mixed among analysts.
Among those that are cautious, RHB Research felt CPO prices could be due for a correction even after the slight pullback seen recently.
“CPO prices have retreated a bit, with three-month futures now being below the RM5,000-per-tonne mark.
...