Going strong: Benchmark futures will likely average RM2,350 a tonne this quarter and RM2,400 in the first three months of next year. — AFP
BALI: Palm oil investors are cheering after a spectacular rally propelled prices into a bull market, and now traders are betting that the rebound has longer to run.
Benchmark futures will likely average RM2,350 (US$564) a tonne this quarter and RM2,400 in the first three months of next year, according to the median estimate in a Bloomberg survey of 11 traders, analysts and plantation executives.
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