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Malaysian palm oil refiners are reportedly losing margin while upstream planters benefit from crude palm oil spot prices near RM4,000 per tonne. Analysts attribute refiners' pressure to Indonesia's new export tax structure, which gives Indonesian rivals a cost advantage.
Refiner margin squeeze can reduce refining throughput and the output of refined palm oil, while high CPO prices keep upstream supply firm.
thestar.com.myThe Star OnlineApr 12, 2021Not 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.
