A quieter year ahead for the palm oil sector
With a generally neutral view, analysts are in favour of younger, fast-growing planters on SGX, such as Bumitama Agri and First Resources
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IT'S been an adrenaline-charged year for the palm oil sector, which saw crude palm oil (CPO) futures surge to an 18-month high in March, before rollercoastering down to five-year lows in September. But as 2014 draws to a close, analysts are expecting a relatively muted year ahead for the palm oil industry.
While prices are on track for a gradual recovery, lower soyabean oil prices could cap its rise, with volatile crude oil prices holding the wild card spot.
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