Economists see supply tightness to support CPO near term prices

KUALA LUMPUR, March 12 (Xinhua) -- Economists have on Tuesday foreseen supply tightness to support crude palm oil (CPO) near term prices, after Malaysia's February palm oil stockpiles dipped below 2 million tons.

RHB Investment Bank maintained its CPO price assumptions for now -- at 3,900 ringgit (833 U.S. dollars) and 3,800 ringgit per ton for 2024 and 2025.

It continued to expect a higher CPO price envi