Crude palm oil prices expected to drop in April

In Malaysia, crude palm oil prices have dropped to $800 per tonne, and the CPO market may further downturn after April when seasonal supply factors begin to take effect. Malaysia and Indonesia will reach peak production around this time, and South America’s bumper harvest of soybeans will also put pressure on the market. World CPO production, the article claims, will grow between 8-10% this year.

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