Meanwhile, palm oil exports in September rose 2% m-o-m to 1.52 million tonnes, significantly lower than cargo surveyors’ (SGS and ITS) growth estimates for the same period of 10-10.4% m-o-m.
SINGAPORE (Oct 11): CIMB is maintaining its “neutral” rating on the Asean agribusiness as the current CPO price may not be sustainable in 4Q17.
In September, crude palm oil (CPO) production fell 2% m-o-m but rose 4% y-o-y to 1.78 million tonnes due to fewer working days as Malaysia observed three public holidays.
