- June 25, 2022
- Posted by: AliensFaith
- Category: OBJECTIVE PRESS
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WILMAR INTERNATIONAL LIMITED (SGX:F34) FIRST RESOURCES LIMITED (SGX:EB5) BUMITAMA AGRI LTD. (SGX:P8Z)
Singapore Plantation Stocks – What Goes Up Must Come Down
- CPO prices have corrected 28% since Indonesia announced the lifting of the export ban. After this CPO price correction, we are seeing some positives emerge to prevent further price deterioration:
- it is commercially viable to increase biodiesel mandate or non-mandatory biodiesel blending, and
- demand recovery is in sight in India and China.
- But Indonesia’s palm oil industry has clearly not benefitted from the high CPO prices over the last six months.