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Malaysian palm oil plantation firms posted mixed 2017 results, with IOI Corp's net earnings falling while KL Kepong and Genting Plantations rose. Analysts noted weak CPO prices in Q4 2017 and said soybean oil gained demand share.
The article also cites an EU plan to phase out palm oil for biofuel use.
Competition from soybean oil taking demand share and EU phase-out plans pressure palm oil demand, though company earnings are a backward-looking indicator.
themalaysianreserve.comDayang NorazharMar 5, 2018Not enough comparable past events yet for a historical read.
Not 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.
