Palm oil (CPO) prices are expected to remain high in the first half of 2025, trading in the range of RM4,400 (US$976.37) to RM4,800 (US$1,065.13) per tonne, before easing back during the seasonal peak in the second half of the year to RM4,000 (US$887.61) to RM4,400 (US$976.37) per tonne, according to Mazda News Agency. (US$).
RHB Investment Bank Ltd (RHB IB) supports this estimate, citing a variety of factors: lower production and inventory levels in Indonesia in 2024, increased biodiesel mandates in Indonesia in 2025, and tighter sunflower and rapeseed oil supplies in 2025.