Like coal, palm oil producers also missed Jokowi Effect due to continued correction of crude palm oil (CPO) prices in futures market Friday (Mar 14). Wilmar, First Resources, Golden Agri, and Bumitama Agri end in red zone in Singapore. Astra Agro, Sampoerna Agro, Kulim, Sime Darby, IOI Corp, and KL Kepong also lost ground in Jakarta and Kuala Lumpur. Something to do with growing output and questions surrounding Indonesia’s biodiesel policy?
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