KUALA LUMPUR: Maybank Investment Bank Research sees stronger crude palm oil (CPO) in 2020 based on anticipated tightening of palm oil supply in 2020-2021 on biological tree stress and slower growth in mature oil palm area (due to lack of new plantings in Indonesia and Malaysia since 2015).
It said on Wednesday its CPO average selling price (ASP) forecast for 2020 is unchanged at RM2,300 a tonne (2019: RM2,100).
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