CPO has mixed indicators

A survey by CGS-CIMB Futures said Malaysia’s CPO output up 6.8% month-on-month (m-o-m) to 1.52 million tonnes in April 2021, while palm oil exports likely grew 12.5% m-o-m based on export statistics by cargo surveyors.

KUALA LUMPUR: CGS-CIMB has maintained its “neutral” rating on the country’s agribusiness sector following mixed indicators in the crude palm oil (CPO) stocks, production and exports.

A survey by CGS-CIMB Futures said Malaysia’s CPO output up 6.8% month-on-month (m-o-m) to 1.52 million tonnes in April 2021, while palm oil exports likely grew 12.5% m-o-m based on export statistics by cargo surveyors.