Crude palm oil prices to pick up, says Fitch

KUALA LUMPUR: Fitch Ratings expects expects crude palm oil (CPO) prices to range from US$700 (RM2,225) to US$800 (RM2,545) per tonne in the next 12 to 18 months; a moderate increase from the August 2014 price range of US$650 to US$750 per tonne.

The international ratings agency said on Wednesday crude oil and CPO prices have historically exhibited a high correlation.

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