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.