KUALA LUMPUR (Jan 16): Kenanga Investment Bank Bhd expects crude palm oil (CPO) to trade around RM4,000 per tonne over 2026 from RM4,308 in 2025 on the back of still-tight global edible oil supply despite a supply uptick with inventories unlikely to improve significantly. The investment bank said in a research note on Friday some cost uptick is due but the upstream margin is expected to stay contained. Hence, among integrated plantation groups, enhancing asset yields is now increasingly the focus,” the investment bank said. It said poor Indonesian yields in 2024 had driven CPO prices to RM4,700-RM4,800 per tonne over the fourth quarter of 2024 (4Q2024) and 1Q2025, with prices settling to around RM4,000 since. “Smaller players offer good value but larger integrated and diversified players may better endure softer palm oil prices,” it said.

Source: The Edge Markets January 16, 2026 07:00 UTC