Plantation companies’ earnings are expected to be lower in 2024 as there are expectations of an oversupply situation which will push down crude oil prices (CPO).
KUALA LUMPUR: Crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives may see some trading recovery this week amid the current attractive price levels.
However, Singapore-based Palm Oil Analytics’ owner and co-founder Sathia Varqa said the recovery may not be sustainable as investors are awaiting the Sept 1-Sept 20 production numbers to be released during the week.
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