The Malaysian plantation sector was downgraded to 'neutral' from 'overweight' at ECM Libra Capital Sdn Bhd as palm oil production may 'recover' this year due to a tapering off of the La Nina weather event.
Crude palm oil prices 'have room to correct further,' analyst Bernard Ching wrote in a report today. The average crude palm oil price was maintained at RM2,700 a metric ton. -- Bloomberg
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