Downward pressure: Most analysts, who have a neutral call on the plantation sector, have pegged the average CPO price at RM2,600-RM2,800 per tonne this year.
PETALING JAYA: Crude palm oil (CPO) prices, which had dropped 22% from a recent peak in January, will likely see limited upside prospects going into second half of this year.
This is due to an anticipation of strong recovery in CPO production, weaker export outlook as well as the strengthening of the ringgit against the US dollar, according to analysts.
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