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Analysts Expect Palm Oil Price Correction: Jakarta Post

Crude palm oil prices were projected to range from US$1,000 to $1,250 per tonne in the first half of 2022

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Palm oil
Palm plantations in Indonesia. Sahat Sinaga, executive director of the Indonesian Vegetable Oil Industry Association, defended the actions of the implicated companies. Photo: Reuters

 

The Indonesian Palm Oil Association (GAPKI) expects the crude palm oil price to remain high in the first half of the coming year amid sustained demand, but experts have warned of a correction, The Jakarta Post reported.

GAPKI deputy chairman Togar Sitanggang said CPO prices were projected to range from US$1,000 to $1,250 per tonne at least for the first half of 2022.

Read the full report: The Jakarta Post

 

 

 

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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