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Cocoa prices rose 6.8% in the last 5D, driven by dry Harmattan winds threatening West African cocoa crops. The combination of dryness and higher temperatures in the area is causing cocoa pods to wither, while the lack of rain is forcing some farmers to rely on expensive irrigation methods to sustain crops. The increase in cocoa prices will impact MYOR the most (11% of COGS).
Soybean CBT prices increased 2.3% last week, as anticipated rainfall on Argentinian farmland failed to materialize. The ongoing dry conditions are negatively affecting the country’s soybean crops, exacerbating concerns over supply shortages. The surge in soybean prices may sustain CPO prices at elevated levels, affecting UNVR> ICBP>CMRY.
Wheat prices went up 2.1% last week as weaker USD made grains more attractive for fund buyers. In addition, the unusually warm weather in Russia poses risks to the country’s winter wheat crops, pressuring wheat inventory outlook. The increase in wheat prices is expected to impact ICBP and MYOR.
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.
