Crude palm oil is anticipated to achieve USD 2,219 per MT

The price of crude palm oil (CPO) is expected to continue increasing at least until the third quarter of the year and is expected to arrive at USD 2,219 per MT. The value is attainable based on the performance of crude palm oil futures contracts traded on Bursa Malaysia Derivatives. Rising prices do indeed benefit farmers and the government, however, it may also increase the prices of palm oil products consumed by end users.