Govt move not enough to curb rising CPO inventory

KUALA LUMPUR: The move taken by the government to cope with rising crude palm oil (CPO) inventory and falling prices is not sufficient to boost the commodity's prices significantly higher, said Hong Leong Investment Bank (HLIB). 

"The expected record soybean and corn crops in the US will curb soybean oil prices from rebounding extensively, hence capping the near-term upside potential of CPO prices," it said.