Daily Archives: May 8, 2024

CPO prices to move up once the impact of El Nino starts to affect productivity: RHB

Higher CPO prices in 2024 will mean that the purer planters would be looked upon more positively than the integrated players. RHB Bank Singapore analysts Hoe Lee Leng and Syahril Hanafiah are maintaining “neutral” on the plantation sector following Australian Bureau of Meteorology’s confirmation that El Nino is underway. In their Oct 5 report, the…

Palm oil closes higher on weather woes at oilseeds plantations

Malaysian palm oil futures rose for a second session to close at a more-than-one-week high on Tuesday, tracking sustained gains in soyoil on poor weather in Brazil and Russia, while key palm producer Indonesia’s adverse weather conditions also supported palm prices. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange…