Malaysian Palm Oil Wildlife Conservation Fund (MPOWCF)
plantation sector was raised to “overweight” from “neutral” at RHB
Research Institute Sdn Bhd, on higher crude palm oil price forecasts.
The forecast was raised by RM200 a metric ton for 2011 and 2012 to
RM3,100 a ton and RM2,900 a ton respectively, Hoe Lee Leng, an analyst
at RHB Research said in a report today.
Crude palm oil “prices are likely to remain at high levels
potentially” until the first half of 2011, before falling in the second
half of the year as productivity recovers, Hoe said. — Bloomberg
Source : Business Times
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