Crude palm oil (CPO) prices in 2020 are likely to be significantly better than Fitch Ratings’ earlier expectations, due mainly to a slower-than-expected recovery in yields. This should result in higher EBITDA and lower leverage for rated companies. We now assume benchmark CPO prices to average around USD600/tonne(t) in 2020 (2019: USD514/t), compared with our …
The post Strong 1H and Robust Prices Mitigate Risk in 2020 for Asian Palm Oil first appeared on Hellenic Shipping News Worldwide...