RAM also said the increase in Indian import duties on rival soybean oil in June 2018 was also expected to reverse the downtrend in palm oil exports for Malaysia and Indonesia.
PETALING JAYA: RAM Ratings expects crude palm oil (CPO) prices to be sustained between RM2,200 and RM2,400 per tonne in the second half of 2018.
It said the forecast was underpinned by demand from biodiesel and the possibility that domestic production growth may not be as strong as anticipated.
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