Breaking News-RTRS-BRIEF-Palm oil price seen at $400/t in 09-Macquarie
Posted by Labels: Trader's highlightKUALA LUMPUR, Nov 4 (Reuters) - Crude palm oil price (CPO)
could average at $400 a tonne in 2009, dragging down planters'
earnings by 61 percent on average, said Macquarie Research.
The bank said in a report that Indonesian plantation company
Bakrie Sumatra
decline, with Singapore-listed Wilmar
affected, with a 26 percent year-on-year fall in FY2009 earnings,
said Macquarie in a strategy note issued last week.
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