Tuesday, November 4, 2008

Breaking News-RTRS-BRIEF-Palm oil price seen at $400/t in 09-Macquarie

KUALA 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 will be the worst hit with a 90 percent
decline, with Singapore-listed Wilmar the least
affected, with a 26 percent year-on-year fall in FY2009 earnings,
said Macquarie in a strategy note issued last week.