Crude palm oil prices likely to remain high through the first quarter of 2025

Crude palm oil prices are likely to remain high until at least Q1 2025, CGS International analyst Jacqueline Yow writes in a note. Palm oil is no longer cheap, the analyst says, noting that prices hit a two-year high of 4,693 ringgit/ton on Oct. 28. Yow expects CPO futures to trade higher due to several factors such as lower inventory levels by the end of 2024 and higher demand during the holiday seasons in Q1 2025. CGS International maintains a neutral rating on Malaysia’s agribusiness sector.

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Tags: prices, palm oil, CGS International