POOR weather conditions in major oilseed producing countries spells good news for the crude palm oil (CPO) price outlook with commodity analysts projecting an average of between RM1,400 and RM1,500 per tonne this year, and RM1,600 per tonne next year.
Of late, stock broking houses have turned bullish on the plantation sector, giving it an “overweight” recommendation compared with their neutral stance previously.
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