[Photo Credit: The Guardian]
Looking for more investing opportunities in the current oil and gas downturn? Here’s another hidden gem: Bumitama Agri.
Words by Calvin Yeo
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As a follow-up to our previous review on Nam Cheong, we now look beyond oil and gas to another closely-related sector that has also been affected negatively – the palm oil sector.
Crude palm oil prices have dropped significantly due to oversupply and the collapse in crude oil prices.
The two sectors share a mutually dependent relationship, as crude palm oil – which is obtained from fresh fruit bunches of oil palms cultivated in plantations – can be converted to biodiesel and serve as a replacement for some aspects of crude oil.
In the past, high crude oil prices actually helped create a support for falling crude palm oil prices. Now that crude oil prices have collapsed, crude palm oil prices ...
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