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RHB is turning cautious on CPO prices, but keeps optimism on Wilmar

Jeffrey Tan
Jeffrey Tan • 2 min read
RHB is turning cautious on CPO prices, but keeps optimism on Wilmar
According to RHB, the main factor to watch out for is the weather.
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While RHB Securities has continued to be optimistic on the prospects of Wilmar International ahead, the brokerage is turning cautious on crude palm oil (CPO) prices.

RHB says it sees “downside” for CPO prices, particularly from 2Q 2021 onwards.

The brokerage adds that it is relooking at its CPO price forecasts of RM2,650 per tonne for 2021 currently.

TAGS
Wilmar International
South American soybeans
energy
vegetable oil
crude palm oil (CPO)

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