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Palm oil stocks may shine with CPO prices out of the woods

After plumbing lows last year, palm oil prices have kicked off 2019 strongly as India cuts import taxes and inventories run down

Anita Gabriel

Published Wed, Jan 9, 2019 · 09:50 PM

wilmar international

Singapore

AFTER languishing for much of 2018, Singapore-listed palm oil stocks could be looking at a new dawn this year on renewed demand, sliding inventories and other factors.

For palm oil majors like Wilmar International, Golden Agri-Resources, First Resources, Bumitama Agri and Indofood Agri Resources - together, they command a market capitalisation of over S$27 billion - the key driver reigniting interest is India.