PETALING JAYA: Crude palm oil (CPO) prices may have a run-up ahead of fundamentals on supply crunch fears due to slower output growth and higher biodiesel mandates.
CGS-CIMB Research said this was evidenced by the soybean oil premium, which has narrowed significantly against the CPO to only US$4 per tonne as compared to the historical average of US$106 per tonne.
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