SECTOR | Nigeria : Palm Oil Sector Update - Riding the price tailwind

    The outlook for CPO prices is tilted to the upside in H2'24, driven by constrained supplies due to stagnating global palm oil production and higher biodiesel mandates. Additionally, global demand is expected to remain robust, further supporting higher CPO prices. This combination of higher prices and improved volumes bodes well for the outlook of local players.

     

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