PLANTATION companies are expected to stick to their standard three-month forward selling policy for crude palm oil (CPO) even though the price of the commodity is hovering around RM1,800 per tonne on the Malaysia Derivatives Exchange (MDEX).
Traders contacted by StarBiz, however, do not foresee any sudden flurry of aggressive forward selling by these companies as the current strong CPO price is due mainly to expectations of lower soya bean production in the United States versus all the strong fundamentals of CPO.
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