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CPO prices expected to come under pressure, say analysts

Mimi Sabreena 3:02:00 PM Informasi

KUALA LUMPUR (March 13): Crude palm oil (CPO) prices are expected to remain under pressure, underpinned by higher inventory and lower export, said analysts with local bank-backed research houses, who also maintained their "Neutral' stance on the plantation sector.

In a sector review yesterday, CIMB Investment Bank Bhd (CIMB Research) said it expects CPO prices to remain weak in the near-term due to the high stockpile, the recent hike in import duties on CPO by India and stronger ringgit against US dollar.

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