KUALA LUMPUR: CIMB Equities Research is retaining its Neutral stance on the plantations sector and projects crude palm oil (CPO) prices to trade between RM2,500 and RM2,800 per tonne.
It said on Friday Malaysia's palm oil stocks rose unexpectedly by 2% on-month at end-March for the first time since December 2013 to 1.69 million tonnes due mainly to stronger-than-expected recovery in palm oil output.
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