# The Nigerian Palm Oil Sector Update - Earnings at Risk on Falling Global CPO Prices - Proshare

> 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.

- Date: 2020-03-04 · published 2020-03-04T12:00:00.000Z
- Category: market · region Nigeria · magnitude low
- Page: https://feedsoft.ai/events/5818-the-nigerian-palm-oil-sector-update-earnings-at-risk-on-falling-global-cpo
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- proshare.co: https://proshare.co/articles/the-nigerian-palm-oil-sector-update-earnings-at-risk-on-falling-global-cpo-prices

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