The analysts note that there were “three ‘B-factors’ supporting soybean oil (SBO) prices - Biden, biodiesel and biofuels.”
UOB Kay Hian Research’s Leow Huey Chuen and Jacquelyn Yow are of the view that investors should maintain “market weight” on the plantation sector.
In a June 17 report, they base it on views from Dorab Mistry from Godrej International, who shared his outlook on vegetable oil prices
