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CIMB Research retains crude palm oil price forecasts at RM2,400


Key events to watch in January are El Nino development, execution of biodiesel mandate in Indonesia and palm oil exports to India following the recent reduction in palm oil import duties.

Key events to watch in January are El Nino development, execution of biodiesel mandate in Indonesia and palm oil exports to India following the recent reduction in palm oil import duties.

KUALA LUMPUR: CIMB Equities Research maintained its crude palm oil price (CPO) price forecasts of RM2,400 for this year and RM2,500 per tonne in 2020.

It had on Friday maintained its neutral call on the sector due to the lack of catalysts.

Analyst Reports , Plantations

   

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