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Cordros Research has cut its earnings outlook for Nigerian palm oil producers, citing falling global crude palm oil prices. The update says the expected earnings growth for OKOMUOIL and PRESCO in 2020 is at risk.
Lower global CPO prices reduce the revenue outlook for Nigerian producers and point to weaker palm oil pricing in the near term. The effect on feed markets is limited, but it signals continued softness in the palm oil complex.
proshare.coMar 4, 2020Not 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.
