KUALA'' LUMPUR: Godrej International Ltd Dorab E. Mistry expects crude palm oil (CPO) prices to test new highs and climb above RM4,000 per tonne this year.
Mistry said on Wednesday, March 9 that the high CPO prices would remain intact for the next eight to 10 weeks.
He also did not expect CPO price to fall below RM3,000 in 2011 unless there is a financial meltdown.
At midday, CPO third-month futures were down RM18 to RM3,536.
Mistry said on Wednesday, March 9 that the high CPO prices would remain intact for the next eight to 10 weeks.
He also did not expect CPO price to fall below RM3,000 in 2011 unless there is a financial meltdown.
At midday, CPO third-month futures were down RM18 to RM3,536.
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