PETALING JAYA: The potential impact of the Covid-19 pandemic, coupled with the fall in crude oil prices resulted in HLIB Research downgrading the sector to “neutral” from “overweight”, and revising its crude palm oil (CPO) price assumptions downwards.
The research house, in a note, said the near-term tight supply of CPO will no longer be able to mitigate the impact of these factors on CPO prices.
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