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Soybean CBT rose 3.7% in the last 5D, driven by concerns over tight supply in Argentina (the world’s fourth-largest soybean producer). According to Sierra’s weather maps, below-average rainfall is expected to persist through March, fueling supply worries. We anticipate the rise in soybean oil prices to keep CPO prices at relatively high levels.
CPO prices plummeted -7.3% in the last 5D, largely due to reduced demand during winter months as palm oil tends to solidify in colder temperatures, leading buyers to opt for substitutes. The decline is reflected in Malaysia’s CPO shipments, which fell -9.3% MoM in November 2024. Lower CPO prices should benefit UNVR>ICBP>CMRY.
Cocoa prices fell -4% over the past week, as weather conditions in Ivory Coast, the world’s largest cocoa producer, showed signs of stabilization. However, concerns persist over the possibility of prolonged dry weather, as cocoa farmers in Ivory Coast and Nigeria report the seasonal Harmattan winds are beginning to impact cocoa trees, raising fears of reduced production and quality issues. The decline in cocoa prices is likely to have the most significant impact on MYOR given 11% of its COGS are chocolate.
Samuel Sekuritas Indonesia is a leading Indonesian securities brokerage firm. Established in 1997, the firm has grown to become one of the most respected and trusted financial services companies in the country. With a wide range of services and products, Samuel Sekuritas Indonesia has become a trusted partner to many investors, both institutional and individual.
The company offers a variety of financial services, including equity, debt and derivative securities brokerage services, research and portfolio management, asset management and capital market services, as well as a range of other investment solutions. Samuel Sekuritas Indonesia is also a leader in providing financial education and training, and has established itself as a leading provider of investor relations services.
The company has a strong research capability and is committed to providing its clients with up-to-date and reliable market analysis and recommendations. It also has a team of experienced and knowledgeable professionals who are dedicated to providing quality service to its clients. As a result, Samuel Sekuritas Indonesia has become a preferred partner for many investors in Indonesia.
In addition to its financial services, Samuel Sekuritas Indonesia also offers a range of other services, such as corporate finance and advisory services, mergers and acquisitions, and venture capital.
