# Fitch takes negative rating actions on six palm-oil producers in Malaysia and Indonesia

> Fitch Ratings took negative rating actions on palm oil producers in Malaysia and Indonesia, downgrading one and revising outlooks to negative on others, including Sime Darby Plantation. Fitch trimmed its Malaysian crude palm oil price forecasts to US$520 per tonne for 2020 and US$560 for 2021. It cited weaker biodiesel blending and edible oil demand.

- Date: 2020-05-07 · published 2020-05-07T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/53241-fitch-takes-negative-rating-actions-on-six-palm-oil-producers-in-malaysia-and
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The lower CPO price assumptions signal a weaker demand outlook for palm oil through 2021, reinforcing bearish price expectations.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- nst.com.my: https://www.nst.com.my/business/2020/05/590637/fitch-takes-negative-rating-actions-six-palm-oil-producers-malaysia-and

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.