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Palm oil prices are poised to hold at current levels, plantations group Sipef said, even as respected analyst Dorab Mistry forecast a rise in prices ahead, spurred potentially by Malaysia’s “tightest-ever stocks”. Sipef, the bananas-to-tea producer, said that there is “no reason for palm oil to lost value”, given a dent to stocks from weaker-than-expected production, and support to demand from relatively low values compared with prices of rival vegetable oils.

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