ID :
147969
Fri, 10/29/2010 - 16:43
Auther :
Shortlink :
https://oananews.org//node/147969
The shortlink copeid
PLANTATION STOCKS TO GAIN FROM CONCLUSION OF MALAYSIA-INDIA TRADE TALKS
KUALA LUMPUR, Oct 29 (Bernama) -- Plantation stocks will be among the
biggest winners from the conclusion of Comprehensive Economic Cooperation
Agreement (CECA) negotiation between Malaysia and India, says MIDF Research.
"The trade agreement is timely as it will give Malaysia concessions, with
tariffs on refined palm oil sold to India to be reduced by 45 per cent by
end-2018," it said in a note Friday.
It said the CECA would be signed in July 2011 and was expected to almost
double trade between both countries by 2015.
"Coincidently, we have upgraded our plantation sector recommendation to
'positive' recently, raising our forecast for the average crude palm oil price
in 2011 to RM3,000 (US$967.74) per tonne from RM2,650 (US$858.83) per tonne," it said.
MIDF Research said another significant beneficiary would be the construction sector.
biggest winners from the conclusion of Comprehensive Economic Cooperation
Agreement (CECA) negotiation between Malaysia and India, says MIDF Research.
"The trade agreement is timely as it will give Malaysia concessions, with
tariffs on refined palm oil sold to India to be reduced by 45 per cent by
end-2018," it said in a note Friday.
It said the CECA would be signed in July 2011 and was expected to almost
double trade between both countries by 2015.
"Coincidently, we have upgraded our plantation sector recommendation to
'positive' recently, raising our forecast for the average crude palm oil price
in 2011 to RM3,000 (US$967.74) per tonne from RM2,650 (US$858.83) per tonne," it said.
MIDF Research said another significant beneficiary would be the construction sector.
