the higher forecast was based on its higher medium-term price sensitivity range for CPO which is around 14% higher than the RM2,100 midpoint of its previous price range of RM1,900 to RM2,300.
KUALA LUMPUR: Moody’s Investors Service has raised its forecast for crude palm oil (CPO) prices to range between RM2,200 and RM2,600 per tonne, with a midpoint of RM2,400 due to tighter supply over the coming 12 months.
It said in a statement yesterday the higher forecast was based on its higher medium-term price sensitivity range for CPO which is around 14% higher than the RM2,100 midpoint of its previous price range of RM1,900 to RM2,300.
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