PETALING JAYA: UOB Kay Hian (UOBKH) Research is keeping its upbeat outlook on the plantation sector, fuelled by expectations that crude palm oil (CPO) prices will trend higher from the fourth quarter of 2023.
In a research note yesterday, the firm cited Oil World executive director Thomas Mielke, who predicted that CPO prices would appreciate by at least US$100 per tonne within the next four to six months, in anticipation of a supply deficit in 2024.
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