PublicInvest Research has revised its average CPO price to around RM2,500 per tonne in 2020 from RM2,300 per tonne previously to account for the rise in the year-to-date price of the commodity.
KUALA LUMPUR: Despite the current crude palm oil (CPO) price rally, the momentum may not be sustainable in the fourth-quarter of this year as stockpile is expected to rise during the peak production period.
PublicInvest Research has revised its average CPO price to around RM2,500 per tonne in 2020 from RM2,300 per tonne previously to account for the rise in the year-to-date price of the commodity.
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