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RHB raises CPO prices forecast on strong El Nino - The Edge Malaysia

RHB raises CPO prices forecast on strong El Nino The Edge Malaysia

Source: The Edge Malaysia · July 31, 2026 at 3:02 AM · AI-assisted report

RHB raises CPO prices forecast on strong El Nino - The Edge Malaysia
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KUALA LUMPUR, 31 JULY 2026 —

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RHB has raised its crude palm oil (CPO) prices forecast due to a strong El Nino phenomenon. The revised forecast was announced on July 30, according to a report by The Edge Malaysia. Details not yet available on the specific price adjustments made by RHB.

The revised CPO prices forecast may have significant implications for Malaysia, the world's second-largest palm oil producer. A strong El Nino is expected to impact palm oil production, potentially leading to supply disruptions and higher prices. This could affect the revenue of Malaysian palm oil producers and exporters, as well as the overall performance of the country's agriculture sector. Malaysia's palm oil industry is a significant contributor to the country's economy, and any changes in CPO prices could have far-reaching effects on the local market.

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