KUALA LUMPUR: Moody’s Investors Service has raised its price sensitivity range for crude palm oil (CPO) to between RM2,800 and RM3,200 per tonne from between RM2,200 and RM2,600 per tonne through 2022.
Vice-president and senior analyst Maisam Hasnain said the revision was made on the back of supply disruptions, low inventory levels and strong prices of competing oils.
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