Research houses maintain 'neutral' on plantation sector
The palm oil industry has less than three months to pare down its inventory to the optimal level before high production season kicks in. — Reuters pic
Maybank Investment Bank Bhd said the prospect of better CPO price would offer tactical trading opportunity in 2Q19.Public Bank Investment Bank Bhd said Malaysian palm oil inventories unexpectedly climbed to 3.05 million metric tonnes in February as exports of the commodity saw a sharp decline of 21.2 per cent month-on-month, mainly dragged by weaker demand from China.
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