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Fitch Solutions maintains near-term palm oil price forecasts

KUALA LUMPUR, March 2 (Xinhua) — Fitch Solutions has on Thursday held unchanged its near-term palm oil price forecasts of annual averages of 3,800 ringgit (848 U.S. dollars) per tonne through 2023, with upside risks, and 3,400 ringgit per tonne (759 U.S. dollars) through 2024.

The reports about that Indonesia is set to suspend some palm oil export licenses on a temporary basis, along with the depreciation of th