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Official Websites of
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MINISTRY OF
PLANTATION AND COMMODITIES -
No. 15, Level 5-13, Persiaran Perdana, Presint 2, 62654 Wilayah Persekutuan Putrajaya
AGRICOMMODITY NEWS 2022
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SUMBER: STARBIZ, MS 3
8 DISEMBER 2022
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(Dec 6): Palm oil has dropped to the lowest in two weeks following further losses in rival soybean oil after the Biden administration published last week a proposal for biofuel-blending mandates that were lower than expectations.
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PLANTERS will likely register a weaker performance, both quarter-on-quarter (QoQ) and year-on-year (YoY), in their upcoming quarterly results on the back of lower palm oil prices, said a local research house.
Hong Leong Investment Bank Bhd (HLIB Research) has maintained an ‘Overweight’ stance on the plantation sector, supported by commendable valuations and high near-term crude palm oil (CPO) prices.
