Quotes from the news wire:
It is not a surprise as the Australia Bureau of Meteorology has formally announced the El Nino since May 2015. Hence, the market had already look ahead into lower FFB production by plantation companies, the net impact to earnings is not expected to be huge, as CPO prices usually increase during the period of insufficient supply globally. Historically, the impact of CPO prices to earnings will more than offset the loss in FFB production.
Found on Reuters 8 years ago
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