Golden Agri sees itself in a good place to weather volatile palm oil prices

Singapore

PALM oil producers have enjoyed a lift in revenues and earnings so far this year, thanks to higher crude palm oil (CPO) prices. A correction in the commodity's prices could come as soon as the end of the year, but Golden Agri-Resources is confident that its low production costs and its exposure to both downstream and upstream segments put it in a good place.

CPO futures are up about 52 per cent year to date, and 65.8 per cent over the past one year. The higher prices helped push Golden Agri into the black for the fir…

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