Analysts maintain CPO price forecasts amid falling stockpiles
KUALA LUMPUR, Jan. 11 (Xinhua) -- Analysts have on Thursday maintained crude palm oil (CPO) price forecasts amid falling stockpiles in Malaysia.
Hong Leong Investment Bank Research said in a note that it maintained 2024 and 2025 CPO price assumptions of 4,000 ringgit (862 U.S. dollars) per ton and 3,800 ringgit per ton, respectively, as it expects El Nino's impact on palm production and prices to kick in around