A blistering rally in edible oil prices is likely to continue as investors have not yet fully priced in risks related to Russia’s invasion of Ukraine, according to the world’s biggest palm oil planter by acreage.
“If your window of purchasing is six months, then it’s not a bad idea for you to be buying,” said Mohd Haris Mohd Arshad, the managing director of Sime Darby Oils, a downstream unit of Sime Darby Plantation Bhd. “The market has not priced in the risks,” he said in an interview.
Concerns over fresh sowing in Ukraine following Russia’s attack have made edible oil markets jittery, with prices of palm and soybean oils, the two most used oils, surging to records.
Dekel Agri-Vision PLC (LON:DKL) aspires to become a leading agro-industrial company in West Africa, one that creates value for shareholders whilst at all times placing the interests of the local communities and environment in which it operates in at the heart of its operations.
