POC 2021 day 1: CPO prices to range between RM3,320 to RM4,113 in 2021KUALA LUMPUR (March 23): On the first day of Bursa Malaysia Derivatives Palm and Lauric Oils Price Outlook Conference & Exhibition (POC 2021), palm oil industry experts have forecast crude palm oil (CPO) prices to range between RM3,320 to RM4,112.50 a tonne in 2021.
During the virtual conference, UIE Plc Director and Board Member Harald Sauthoff said he expects the third-month palm oil futures contract on Bursa Malaysia to average at RM3,320 a tonne and trade between RM3,000 to RM4,000 a tonne in 2021.