KUALA LUMPUR: Crude palm oil (CPO) prices are forecast to average RM4,200 per tonne in 2025, driven by a likely supply deficit and firm demand, according to Kenanga Research.
Despite easing from late 2024 highs and weaker biodiesel demand, palm oil prices are expected to stay between RM4,000 and RM4,500 per tonne.
Kenanga maintained its “overweight” call on the plantation sector, citing strong balance sheets and resilient food demand, which accounts for 70 per cent of edible oil usage. – BERNAMA
