2017 could finally be a better year for commodities as higher fresh fruit bunches output and crude palm oil prices fuel improved earnings for upstream palm oil companies.
The key driver for 2017 earnings will be higher FFB (Fresh Fruit Brunches) yields as the El Nino effect fades," said CIMB analyst Ivy Ng in a note on Tuesday, adding that the higher yields would reduce production costs per tonne for crude palm oil (CPO).
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