THE strengthening of the crude palm oil (CPO) prices has generated optimism that the commodity is fast narrowing the price differential gap with its major edible oil rival, soybean.
Many commodity analysts and industry players are revising their CPO annual average price forecasts to a much higher level at RM1,500 per tonne this year, RM1,650 in 2007 and RM1,800 in 2008.
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