Higher output to pressure CPO prices: Affin Research


KUALA LUMPUR: Crude palm oil (CPO) price still remains under pressure, said Affin Investment Research, brought about by higher CPO production, as well as a month-on-month decline in exports.

"Despite the Ramadan holidays, when a large number of migrant workers returned to Indonesia, CPO production in July 2014 increased by 6.1% month-on-month to 1.67 million metric tonnes," said the research house on Tuesday.

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