Our previous oil palm sector reports highlighted key drivers that could upturn the global CPO supply-demand balance and keep prices elevated. However, recent events across markets have led to a pullback in CPO prices. Specifically, increased supply from Malaysia and Indonesia (the two largest producers of CPO) and an expected slowdown in demand from China and India led to a 29.2% YoY pullback in CPO prices in Q4’22. Going into 2023, we expect global and domestic CPO prices to be slightly weaker.
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CardinalStone is a full service investment banking firm with a vision to build a world class investment banking firm of African origin; operating out of Lagos, Nigeria. The firm was incorporated in April 2008 and began operations in June 2008. CardinalStone is duly registered with the Securities & Exchange Commission in Nigeria to carry on business as an Issuing House, Fund Manager and Broker/Dealer
The Firm's activities are carried out across five business units: Asset Management, Investment Banking, Private Equity, Securities Trading and the Business Support Group.
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