Photo on Unsplash by Tommy Cox.
Malaysia’s palm oil inventories in May topped market expectation of 2.4m mt, as buyers switched to discounted Indonesian palm oil, which was about RM670/mt cheaper than Malaysia’s CPO prices. Meanwhile, the European weather agency has confirmed that El Niño conditions are developing.
Maintain our Overweight call on the sector with a full-year CPO price forecast of RM4,400/mt. “We expect CPO prices to trade higher in the 2H in anticipation of the El Nino development, which could be the strongest on record. Our top picks are Sarawak Plantation and Ta Ann,” says analysts at PIB.
Read More News on Latest Malaysia
Read More News on Business News Malaysia
Read More News on SG Business News
Read More News on World Future TV
Filtrona’s CEO, Robert Pye, discusses sustainability initiatives that achieved a 51% emissions reduction and innovation…
Historical analysis shows World Cup tournaments have limited influence on FBM KLCI performance, with macroeconomic…
The prolonged US-Iran conflict has turned into a drawn-out war of attrition, far exceeding the…
Healthcare, energy, AI, and defense spending are approaching $25 trillion in 2026, creating a powerful…
Brrandom On its third anniversary, the AI-native marketing technology company launches six transformative AI practices,…
Forest City’s Special Financial Zone (SFZ) could exceed its RM2 billion investment target this year,…
This website uses cookies.