PETALING JAYA: Analysts are mostly “neutral” on the plantation sector, citing concerns on the latest October palm oil stockpile of 2.45 million tonnes, which is the highest in four years and a lack of notable demand catalysts.
They have pegged the price of crude palm oil (CPO) at RM3,800 to RM3,900 per tonne for 2023, but remain optimistic for the price to climb above RM4,000 per tonne by the first quarter of 2024 on a better export outlook.
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