CIMB Research retains Neutral outlook on plantations


KUALA LUMPUR: CIMB Equities Research is maintaining its Neutral outlook for the plantation sector after the bumper harvest for oil palm in August.

It said on Thursday there could be downside risk to its 2014 average crude  palm oil  (CPO) price forecast of RM2,700 per tonne as the average CPO price achieved in January-August 2014 was only RM2,502 per tonne.

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