PETALING JAYA: Crude palm oil (CPO) prices are expected to trade between RM3,500 and RM4,000 per tonne this month, as bearish stock levels are matched by fears over the monsoon season impacting production levels in the final quarter of the year.
Analysts added that the decision by the Organisation of the Petroleum Exporting Countries (Opec) and allied non-members to cut crude production by two million barrels a day to boost crude oil prices provided support to the vegoil market including CPO.
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