MARKET TALK: United Plantations Sees Weaker CPO Pr
10/12/04 (Dow Jones)--CPO prices may fall to MYR1,300/ton within nextthree months, United Plantations Bhd Executive Director Martin Bek-Nielsenquoted as saying by Star daily; attributes decline to weaker soyoilprices, slower demand due to rising freight costs. USD weakness, however,one factor providing support to prices. Despite bearish outlook,plantation companies still remain profitable as production costs aboutMYR700/ton. Benchmark CPO futures contract now at MYR1,403.
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