OVER the last few weeks, plantation stocks have had a good run, bolstered by the strong rally in crude palm oil( CPO) prices. For the first time, CPO prices surpassed the all-time high of RM7, 000 following news that Russia had invaded Ukraine. March 2022 futures contract increased RM587 to RM7, 093 a tonne at close on Feb 24. Similarly, CPO futures contract for April 2022 also rose RM533 to RM6, 786 per tonne. This suggests that traders have been bidding on CPO contracts as the tight supply of
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2022-02-26 00:00:00.0