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Fitch research house revises up palm oil price forecast

februari 20, 2024by Reacties uitgeschakeld voor Fitch research house revises up palm oil price forecast

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KUALA LUMPUR, Feb. 20 (Xinhua) — Recent crude palm oil (CPO) strength has prompted upward revision from BMI Country Risk & Industry Research.

BMI, a Fitch Solutions unit, said in a note on Monday that it has made an upward revision to its forecast for the average price of Bursa Malaysia-listed third-month palm oil futures contracts in 2024, from 3,515 ringgit (733 U.S. dollars) per ton to 3,750 ringgit per ton.

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