KUALA LUMPUR: CIMB Equities Research describes the 25% price slump for crude palm oil (CPO) futures over five weeks was fuelled by speculative selling over fears of a build-up of stocks.
It said on Wednesday recent export figures and its channel checks on the September harvest suggest that stocks could rise to 2.5 million tonnes to 2.6 million tonnes by end-September, higher than expected.
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