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Agencies foresee palm oil prices to remain firm

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KUALA LUMPUR, Nov. 11 (Xinhua) — Analysts on Tuesday forecast crude palm oil (CPO) prices to remain firm despite Malaysia’s palm oil stockpile hitting a six-month high in October.

Maybank Investment Bank said in a note that compared to a year ago, Malaysia’s October stockpile of 2.46 million tons, up 31 percent year-on-year, is ample for output recovery.

However, given the year-to-date strength of CPO pr

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