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Sime Darby Plantation said the worst for crude palm oil prices may be over, citing stabilising Indonesian production, returning Indian demand and a narrowing palm oil-gas oil spread. Its net profit for the quarter to September fell 89 percent year on year on weaker CPO and palm kernel prices.
A producer's expectation of recovering demand from India and easing speculative selling could support palm oil prices. The view is forward-looking and conflicts with the persistent inventory overhang.
themalaysianreserve.comNov 26, 2018Not 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.
