Month to date, Golden-Agri Resources is up 12.5%, First Resources is up 9.3%, while Wilmar, which has palm oil exposure as well, is up 5.4%.
SINGAPORE (Apr 9): OCBC Investment Research continues to rate the soft commodities sector “neutral” despite the renewal of interest in the sector and higher forecast of the year’s price to close.
So far, crude palm oil price have increased by about 6% this year, after a 35% plunge from early 2017 to end 2018. Crude palm oil (CPO) stocks have also gathered more interest and better price performance in the past few trading sessions.
