# Investors bullish on CPO rally, India tax cut

> 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.

- Date: 2020-01-03 · published 2020-01-03T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/5453-investors-bullish-on-cpo-rally-india-tax-cut
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Tight supply from production declines and growing biodiesel demand support higher palm oil prices, which lift feedstock costs for vegetable-oil-based feed ingredients.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2020/01/03/investors-bullish-on-cpo-rally-india-tax-cut/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.