PETALING JAYA: TA Research is maintaining a “neutral” call on the plantation sector with no changes to its crude palm oil (CPO) price assumptions of RM4,000 per tonne for 2024 and RM3,800 per tonne for 2025.
The research house said in its strategy report for the second half of 2024: “We believe it would be tough to paint a bullish price outlook for CPO due to the substitution effect due to an expected rise in soybean supply.”
