KUALA LUMPUR: CGS-CIMB Research has raised its 2020 crude palm oil (CPO) price forecast to RM2,500 from RM2,300 per tonne as the price rallies.
Spot prices climbed to as high as RM2,936 per tonne on Sept 3 from its year-to-date low of RM2,021 per tonne on May 12.
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