Ready market: Analysts say price-sensitive major markets such as China and India were keen to take up palm oil as a cheaper alternative to soybean oil. — Reuters
PETALING JAYA: Crude palm oil (CPO) price discount to its main competitor, soybean oil, is expected to widen by about US$70 to US$100 per tonne after trading at almost zero discount in February, say analysts.
Should the price discount gap gets bigger, analysts project that demand for CPO could increase in the coming months.
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