PETALING JAYA: Crude palm oil prices (CPO) have surged to RM4,500 per tonne, driven by positive demand from the United States and Indonesia’s biofuel policy expansion. This has prompted UOB Kay Hian (UOBKH) Research to upgrade the plantation sector to “overweight” from “market weight”. “Companies such as SD Guthrie Bhd have locked in fertiliser prices and supply for 2026. The research house has raised its CPO price assumptions to RM4,500 per tonne for 2026, and RM4,400 per tonne for 2027, from RM4,300 per tonne previously. On companies, UOBKH Research said it likes SD Guthrie as a liquid big-cap proxy for CPO prices, as well as its pivot towards renewable energy and industrial park development.

Source: The Star April 06, 2026 04:38 UTC