KUALA LUMPUR (Jan 5): Maybank Research is positive on regional plantations as fear of supply disruption due to sporadic flooding across the country will continue to support crude palm oil (CPO) prices. In a note on Wednesday (Jan 5), Maybank said Malaysia's CPO output for December 2021 is estimated to hit 1.45 million tonnes, a decline of 11% month-to-month, bringing output to 18.1 million tonnes in 2021.
Malaysia needs to get the 15th general election out of the way in order to see through fiscal policy changes that could put the country on a better footing, which in turn would bode well for a market recovery, said Maybank Investment Bank Bhd.