Research & Stock Picks

Company Reports

10 January 2025

By

SSI Surveillance: Raw Materials (1 – 7 January 2025)

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.

Share This:

Download PDF

Download PDF

Download PDF

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