Poor weather, flooding to support Malaysia crude palm oil prices in near term: observers 

SHORT-TERM weather disruptions will likely support Malaysia’s crude palm oil (CPO) prices in the short term as supply takes a hit, observers have noted.

Speakers at UOB Kay Hian’s (UOBKH) palm oil event on Monday (Mar 6) said they expected CPO prices to be higher in the first half of 2023, as prolonged flooding in southern Peninsular Malaysia and East Kalimantan would lead to lower-than-expected production.

The high rainfall caused short-term disruptions to harvesting operations and the removal of fruits, as well as poorer fruit quality.