Pretty much as predicted, most plantation firms reported lower earnings in the first half (H1) of 2023, due to the correction of crude palm oil (CPO) price in the second quarter (Q2) of this year. CPO price slumped in Q2 to its lowest point since November 2020 due to higher output and a decline in the prices of rival vegetable oils amid concerns over the possibility of a global economic recession and an expected production increase in rival vegetable oils, such as soybean oil.To subscribe please click here
