Malaysia's crude palm oil exports are expected to soften in April, after prices soared recently, CGS International analysts say in a report. CPO prices rose around 19% from Feb. 27 to March 31, they note. Higher prices would likely deter major importers, such as China and India, which would remain on the sidelines and defer more CPO purchases until the market stabilizes. CGS International maintains an overweight rating on Malaysia's plantation sector and continues to favor upstream companies including TA Ann and Hap Seng Plantations. (amanda.lee@wsj.com)
Malaysia's Crude Palm Oil Exports Likely to Soften in April — Market Talk
Earlier from Ta Ann Holdings Bhd
- Global Biofuel Push Likely to Support Palm Oil Outlook — Market Talk
- Ta Ann Holdings Posts Fresh Fruit Bunches Production For February 43,124 Metric Tonnes
- Ta Ann Holdings Posts Qtrly Profit Attributable 48 Million RGT
- Ta Ann Holdings Produces 22,430 Metric Tonnes Of Crude Palm Oil For Jan