Victor Yong's comment on BPLANT. All Comments

Victor Yong
Like · Reply
KUALA LUMPUR (May 6): Inventories est. -7% m-o-m, +25% y-o-y to 2.72 million tons at end-April, CIMB regional head of agribusiness Ivy Ng says in May 3 report.
* The lower stockpiles should be supportive of palm prices but a further drawdown may be required to boost prices in 2H: Ng
* April production est. -2.2% m-o-m to 1.63 million tons, according to survey of 21 plantation areas by CIMB Futures
** That’s below historical avg m-o-m increase of 4% for April over past 10 years
Show more