Elevated CPO Pricing May Not Be Sustainable
The Malaysian Palm Oil Board (MPOB) reported a significant increase in crude palm oil (CPO) stockpiles, hitting an eight-month high of 2.01 million tonnes (mt) by the end of September 2024. This rise is attributed to a sharp decline in domestic consumption, which saw a staggering 37% month-on-month drop to just 0.15mt. The report suggests […]