What is the impact of Brexit on Malaysian palm oil?

Profitable: Excluding the forex gain, IOI said the underlying pre-tax profit in Q2 was up 76% year-onyear at RM649.2mil on a 3.9% higher revenue of RM2.97bil.

PETALING JAYA: The market is divided on the potential impact of Britain’s vote to leave the European Union, better known as Brexit, on crude palm oil (CPO) demand and prices based on currency exchange as well as weaker economic growth.

CIMB Research said the recent Brexit vote could have negative repercussions that would spread beyond the United Kingdom and Europe to the global economy.