PETALING JAYA: Crude palm oil (CPO) prices rode the uptrend wave of the loosening in movement restrictions globally, which led to a strong demand in July on the back of a decline in production.
It has been on a strong rebound since the plunge to below RM2,000 per tonne in May, closing at RM2,646 yesterday but there were doubts if the rally in CPO prices would be sustainable.
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