Mistry: ‘Stocks are still very tight, the inverse has been eroded and palm has once again become competitive.’
Price level based on likelihood of another El Nino
KUALA LUMPUR: Leading industry analyst Dorab Mistry has outlined three possible scenarios for crude palm oil (CPO) prices this year, and placed his bet on prices hovering in the region of RM3,000 per tonne until the fourth quarter of this year.
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