KUALA LUMPUR: BMI Country Risk & Industry Research (BMI), a product of Fitch Solutions Group Ltd, has made an upward revision to its forecast for the average price of Bursa Malaysia-listed third-month palm oil futures contracts in 2024 to RM3,750 per tonne from RM3,515 per tonne previously.
It said in a statement that in part, this reflects the subsequent persistence of price strength that started in the third quarter (3Q) of 2023, which saw contracts rose by 23.2 per cent between start-June and start-September.
