The strong recovery in crude palm oil (CPO) prices in recent months has brought a huge relief to many plantation players in Malaysia. It has also put the sector back on investors’ radar, as sentiment has turned increasingly positive towards the sector.
As it stands, the consensus view among analysts is that the strong CPO prices will be sustained through 2020, supported by tight supply and improving demand outlook. According to the projections of six local brokerages, the average CPO price willlikelyhover aroundRM2,450 per tonne, with a high forecast of RM2,700 per tonne and a low estimate of RM2,300, this year.
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