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Recent CPO price uptrend unsustainable, says Morgan Stanley

Mimi Sabreena 3:53:00 PM Informasi

KUALA LUMPUR (Sept 12): Morgan Stanley Asia says the recent positive crude palm Oil (CPO) pricing environment is unsustainable, amid a muted demand outlook and a pick-up in production in 2018.

“We think that the recent price strength is unsustainable and reiterate our cautious stance on the industry,” the research firm said in a note to clients, following the release of August plantation statistics by the Malaysian Palm Oil Board yesterday.

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