KUALA LUMPUR (June 6): As the market struggles to absorb increased production, RAM Rating Services Bhd says the current buoyant crude palm oil (CPO) prices are unsustainable and it expects prices to moderate sharply in the second half of this year (2H17).
The rating agency is maintaining its average full-year CPO price forecast at RM2,300 to RM2,500 per tonne despite stronger-than-expected prices in the first quarter of 2017 (1Q17).
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