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Malaysian upstream plantation earnings are expected to hold up despite seasonally lower palm production, according to HLIB Research. CPO and palm kernel prices rose 12.1% and 14.1% quarter on quarter, and 36.5% and 80.5% year on year, offsetting a 7.2% year-on-year drop in CPO output.
Higher palm oil prices outweigh lower output for upstream producers, supporting the price outlook for palm oil, while narrower olein-CPO spreads squeeze downstream margins.
theborneopost.comFeb 21, 2017Not 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.
