SINGAPORE (June 24): Maybank Kim Eng has maintained its average crude palm oil (CPO) price forecast for 2020 at RM2,300 ($746.35) per metric tonne.

This comes as the demand and supply dynamics of palm oil is expected to improve ahead.

The palm oil industry, which has experienced a demand collapse as the novel coronavirus (Covid-19) became a pandemic, could now see demand return, says Maybank KE.

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