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Soybean CBT rose 2.5% over the past week, driven by increased demand from China (the world’s largest soybean consumer) as it enters the winter season. Vegetable oils with lower melting points, such as soybean oil, are preferred during this period. Moreover, soybean oil’s current price advantage over CPO, with USD 139/ton discount compared to historical average USD 73/ton premium, is expected to further bolster demand. We anticipate the rise in soybean oil prices will support CPO prices at relatively high levels.
CPO prices jumped 4.1% in the last 5D, largely due to tight supply in Indonesia and Malaysia (80% of global CPO production) due to heavy rainfall that disrupted FFB harvesting and transportation. Also, the Indonesian government’s plan to implement B40 starting January 2025 is projected to significantly increase domestic CPO consumption. Heightened CPO prices should impact UNVR>ICBP>CMRY.
Cocoa prices declined -5.7% in the past 5D, as liquidity dropped to its lowest level in over a decade due to margin calls, making holding investment positions more costly. However, challenging weather conditions in West Africa’s cocoa-producing regions are expected to provide mid-term price support. The drop in cocoa prices should benefit 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.
