Research & Stock Picks

Company Reports

03 January 2025

By

Palm Oil Weekly (27 December 2024 – 2 January 2025): Avg. CPO MYR 4,829 (+0.6% WoW)

Recent Catalysts Driving the Price

  • In the last five trading days, CPO prices rose +0.6% WoW, averaging MYR 4,829/MT, mainly due to delays in the implementation of Indonesia’s B40 biofuel program.
  • The Indonesian government previously committed to roll out the B40 policy on 1 January 2025. However, at the time of this writing, the final regulations are yet to be completed, with authorities aiming to soon finalize.
  • Despite earlier gains, CPO prices have declined since 30 December, dropping to MYR 4,484/MT on 2 January 2025, amid weaker demand. Malaysian exports decreased approximately 8% MoM in December, with flows to India — the biggest buyer — down around 18% post Diwali, according to cargo surveyor Intertek Testing Services.
  • In FY24, avg. CPO price reached MYR 4,199/MT (SSI: MYR 4,190/MT). For FY25, we set our forecast at MYR 4,500/MT (YTD: MYR 4,484/MT), up 7.2% YoY, on B40 program upcoming implementation and the edible oil’s defensive nature. Stock-wise, NSSS (TP: IDR 350/sh) and TAPG (TP: IDR 1,050/sh) are our top picks, due to young plantation profiles (<10 years), reflecting higher crop and extraction yields.

Share This:

tren harga CPO

Download PDF

Download PDF

CPO - 27 December 2024 - 2 January 2025

Download PDF

CPO - 27 December 2024 - 2 January 2025

More Related

Economic Reports

Feb 17, 2025

Morning Briefs

Feb 17, 2025

Technical Stock Analysis

Feb 17, 2025

Morning Briefs

Feb 14, 2025

Technical Stock Analysis

Feb 14, 2025

Economic Reports

Feb 13, 2025

Technical Stock Analysis

Feb 13, 2025

Morning Briefs

Feb 13, 2025

Economic Reports

Feb 12, 2025

Morning Briefs

Feb 12, 2025

Technical Stock Analysis

Feb 12, 2025

Economic Reports

Feb 11, 2025

Technical Stock Analysis

Feb 11, 2025

Economic Reports

Feb 10, 2025

Technical Stock Analysis

Feb 10, 2025

Morning Briefs

Feb 10, 2025

Technical Stock Analysis

Feb 7, 2025

Morning Briefs

Feb 7, 2025

Economic Reports

Feb 6, 2025

Technical Stock Analysis

Feb 6, 2025

Morning Briefs

Feb 6, 2025

Economic Reports

Feb 6, 2025

Economic Reports

Feb 5, 2025

Technical Stock Analysis

Feb 5, 2025

Morning Briefs

Feb 5, 2025

Economic Reports

Feb 5, 2025

Technical Stock Analysis

Feb 4, 2025

Economic Reports

Feb 4, 2025

Economic Reports

Feb 3, 2025

Economic Reports

Feb 3, 2025

Morning Briefs

Feb 3, 2025

Technical Stock Analysis

Feb 3, 2025

Technical Stock Analysis

Jan 31, 2025

Morning Briefs

Jan 31, 2025

Economic Reports

Jan 30, 2025

Morning Briefs

Jan 30, 2025

Technical Stock Analysis

Jan 30, 2025

Company Reports

Jan 24, 2025

tren positif rumah sakit

Company Reports

Jan 24, 2025

Company Reports

Jan 24, 2025

sektor media

Company Reports

Jan 24, 2025

penurunan penjualan semen

Company Reports

Jan 24, 2025

Company Reports

Jan 24, 2025

Company Reports

Jan 24, 2025

Company Reports

Jan 24, 2025

Morning Briefs

Jan 24, 2025

Economic Reports

Jan 23, 2025

Morning Briefs

Jan 23, 2025

Economic Reports

Jan 22, 2025

Morning Briefs

Jan 22, 2025

Economic Reports

Jan 21, 2025

Company Reports

Jan 21, 2025

Economic Reports

Jan 20, 2025

Morning Briefs

Jan 20, 2025

Technical Stock Analysis

Jan 20, 2025

Technical Stock Analysis

Jan 17, 2025