Palm oil prices seen at about 4,000 ringgit a ton in 2025, says Glenauk Economics
KUALA LUMPUR, Oct 8 (Reuters) - Palm oil is likely to trade around 4,000 ringgit ($933.49) per metric ton in 2025, an executive of consultancy Glenauk Economics told an industry conference on Tuesday. Malaysia's benchmark crude palm oil futures FCPOc3 are currently trading at a five-month high. Prices have traded at an average of 4,062.50 ringgit a ton so far this year. (Reporting by Danial Azhar and Ashley Tang; Editing by Martin Petty) (([email protected];))
Related News