PETALING JAYA: Plantation stocks dominated Bursa Malaysia gainers' list yesterday on strong expectations that the price of crude palm oil (CPO) will jump as global reserves of edible oils dwindle to a 35-year low.
At 5pm yesterday, CPO for third-month delivery was down RM21 to RM3,456 per tonne, marginally lower than the day before. However, CPO prices have been on an uptrend since early this year, recording more than 7% increase year-to-date.
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