KUALA LUMPUR: A growing correlation between commodities prices and their influence on input cost for consumer staple firms will have a significant impact on profit margins, says Kenanga Research as it shared the findings of a recent correlation study.
The research firm noted some key observations from the study, which suggested an intensifying correlation between the prices of staple grains such as wheat, corn and soybean over the last five years, and a similar growing relationship between cotton, aluminium and crude palm oil.
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