Palm oil export ban lift to send global CPO, share prices in different directions: analysts
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ANALYSTS view the anticipated lifting of Indonesia’s ban on palm oil exports as largely beneficial to plantation players whose operations are largely based in the country – but not so much for those in Malaysia.
This comes after President Joko Widodo’s Thursday (May 19) announcement that the country will lift its palm oil export ban from May 23, less than a month after it was implemented on Apr 28.
RHB, CGS-CIMB and Maybank Securities are staying “neutral” on the region’s plantations sector ahead of the ban reversal.
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