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: Crude palm oil (CPO) prices will remain weak in the coming months, trading close to RM2,000 a tonne, according to Fitch Solutions Macro Research.
It said CPO prices were down 20% so far this year, as production growth was robust and import demand lacklustre which boosted stocks.
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