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Southeast Asian palm oil producers reported falling revenues and earnings in their latest results. The declines followed a normalisation in crude palm oil prices and higher costs, with the year-to-date CPO average at RM3,805 per tonne versus RM4,910 a year earlier.
Lower average CPO prices versus last year reflect a market that has eased from its 2022 peak, limiting producer margins.
businesstimes.com.sgUma DeviAug 30, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
