Fragile supply-demand outlook for CPO sector


Kenanga Research has maintained its CPO price forecasts at RM3,800 per tonne for 2023-2024.

PETALING JAYA: Analysts are mostly “neutral” on the plantation sector, pegging the price of crude palm oil (CPO) between RM3,800 and RM4,000 per tonne for 2023-2024 amid a fragile supply-demand outlook.

For Kenanga Research, the edible oil supply in 2024 is expected to generate a slight surplus.

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