Elevated crude palm oil prices likely to persist through 2H
Hong Leong IB analyst Chye Wen Fei says elevated crude palm oil prices are expected to persist through 2H amid tightening supply and resilient demand, with drier weather a key variable.
Hong Leong IB analyst Chye Wen Fei said in a note that elevated crude palm oil prices are expected to persist through 2H, supported by tightening supply and resilient demand. He added that drier weather conditions warrant monitoring and could affect yields with a lag, but it is too early to assess the impact.