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Malaysian crude palm oil (CPO) futures hit a fresh three-year high of RM3,125 a tonne on Bursa Malaysia Derivatives. Kenanga Research upgraded the plantation sector to Overweight with a 2020 CPO price target of RM2,700 per tonne.
Tight supply from production declines and growing biodiesel demand support higher palm oil prices, which lift feedstock costs for vegetable-oil-based feed ingredients.
themalaysianreserve.comDayang NorazharJan 3, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
