Crude palm oil prices poised for recovery

Crude palm oil average selling prices may improve to 2,400 to 2,500 ringgit ($588 to $613) per metric ton this year as inventory levels are expected to slowly decline with higher exports and consumption of palm oil products, a research house said. The Malaysian research house Affin Hwang Capital said in a report on Tuesday that stronger exports and consumption of palm oil will likely be supported by the energy market and food industries.