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Mirae Asset Sekuritas downgraded its rating on the crude palm oil sector from Overweight to Neutral. The firm cited higher second-half 2017 output, possible soybean oil oversupply from larger US plantings, and a planned extension of Indonesia's palm oil moratorium.
Expected higher palm output in the second half and soybean oil oversupply both weigh on palm and soybean oil prices.
en.infosawit.comMay 31, 2017Not 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.
