“One of the big issues for us between 2021 and 2022 was the accelerated pace of interest rate hikes to the highest we have seen in our history. We have been able to pass on most of it to the market — but not all, due to the lead-lag effect,” says Verghese.
Olam Group (SGX:VC2
) expects commodity prices and supply chain disruptions to ease from the highs of previous years, although geopolitical uncertainties and volatile market conditions are likely to persist, says CEO Sunny Verghese in an earnings call.
Following its 2HFY2022 ended December 2022 results announcement, Verghese says Olam’s house view is that commodity price disinflation has taken place, although services disinflation is far stickier and is not going to “come down in a hurry”.
