plantation sector was raised to “overweight” from “neutral” at RHB

Research Institute Sdn Bhd, on higher crude palm oil price forecasts.

The forecast was raised by RM200 a metric ton for 2011 and 2012 to

RM3,100 a ton and RM2,900 a ton respectively, Hoe Lee Leng, an analyst

at RHB Research said in a report today.

Crude palm oil “prices are likely to remain at high levels

potentially” until the first half of 2011, before falling in the second