Price holding: While weak fresh fruit bunch production and lower yields continue to be a concern for the rest of the year, the higher selling prices for CPO should be enough to offset any potential earnings shortfall, according to analysts. – Bloomberg
PLANTATION players, particularly those with a large exposure to the upstream segment, could record a large increase in income during the third quarter period due to the strong recovery in crude palm oil (CPO) prices, analysts say.
The recent spot and futures prices for CPO delivery indicate that demand has picked up substantially during the second half of the year.
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