You are here

First Resources in favour despite drop in crude palm oil prices

Growth, valuations among factors cited by research houses

CRUDE palm oil (CPO) prices have tumbled 17 per cent to below 2,400 ringgit (S$934) a tonne since its peak in mid-March, as Malaysia continues to produce more palm oil than expected. But Singapore-listed Indonesian palm oil firm First Resources remained favoured by two research houses which put