Singapore Stock Market News

Indonesia Plantations - El Nino is official!

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Publish date: Wed, 13 May 2015, 01:03 PM
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■ Australia's Bureau of Meteorology has just raised its ENSO Tracker from "Alert" to "El Nino".

■ El Nino brings drier and hotter weather in the Pacific region. With less rainfall, production numbers will be disrupted and it will ultimately spike up CPO price.

■ Upstream focused planters with strong productivity like AALI, LSIP and SSMS could benefit from the possible boost in CPO price.
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