Resilient H1 results for SGX’s agribusiness players; commodity prices expected to remain firm
August 21, 2024 / /
This is despite challenges such as regional currencies weakening, high interest rates and disruptive weather patterns
SINGAPORE-LISTED companies in the volatile agri-commodity sector have posted resilient first-half results this year despite foreign exchange losses from weaker regional currencies and elevated interest rates.
Meanwhile, analysts expect crude palm oil (CPO) prices to remain firm in the near term.
The S&P GSCI Softs index, which measures the performance of all soft commodities weighted on a world production basis, was up around 12.7 per cent on the year as at end-June. This comes as El Nino weather patterns disrupted production and countries adopted protectionist policies, which created supply-demand imbalance.
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