KUALA LUMPUR: Crude palm oil prices could have peaked as further upsides in crude palm oil (CPO) prices is expected to be capped by increases in inventory levels, says Kenanga Research.
On the back of March inventory levels that outpaced expectations, the research house predicts further production growth in April as all regions continue their growth trajectory and exports to rise ahead of the Islamic festive season and potential stockpiling activities from China and India.
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