On CPO production, the research house expects a modest 3% increase this year.
PETALING JAYA: Fitch Solutions expects crude palm oil (CPO) prices to average at RM2,300 per tonne this year, above last year’s RM2,162, despite soft global demand.
It noted that the forecast represented a reduction from the spot price of RM2,442 per tonne and reflected its expectation of continued global demand weakness.
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