KUALA LUMPUR: RHB Research remains "underweight" on the plantations sector as the Malaysian Palm Oil Council (MPOC) expects Indian demand for palm oil to moderate in 2022 given the prevailing high prices, higher domestic production and current import duties favouring soybean.
According to RHB, the MPOC forecasts India's palm oil imports to be 5% lower in 2022 to 8.2 million tonnes.
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