Market uncertainties could hit CPO price, companies’ H2 earnings; gradual price decline expected
Uma Devi
DeeperDive is a beta AI feature. Refer to full articles for the facts.
CRUDE palm oil (CPO) prices have been kept at elevated levels so far this year, but the numerous uncertainties in the industry mean investors need to keep a close eye on palm oil stocks’ earnings for H2.
Year to date, CPO prices are up around xx per cent, and companies had a good run in H1. A confluence of factors such as tight supply, bad weather conditions, the spike in crude oil prices, as well as geopolitical tensions, have kept prices at higher levels.
In H2, investors should brace for volatility in the commodity’s prices, and a correction in prices could well be in the pipelines.
Copyright SPH Media. All rights reserved.
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance