CGS CIMB research head Ivy Ng(pic) told StarBiz that these factors, coupled with the low crude oil prices, would keep CPO prices range-bound, with further downside risks if biodiesel mandates are lowered or postponed.
PETALING JAYA: Crude palm oil (CPO) stockpiles are set to rise in April due to weaker exports and rising supplies, given the lockdowns in major importing countries.
CGS CIMB research head Ivy Ng told StarBiz that these factors, coupled with the low crude oil prices, would keep CPO prices range-bound, with further downside risks if biodiesel mandates are lowered or postponed.
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