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SIP - Sipef NV News Story

€46 0.2  0.4%

Last Trade - 3:45pm

Sector
Consumer Defensives
Size
Mid Cap
Market Cap £414.4m
Enterprise Value £487.3m
Revenue £198.1m
Position in Universe 338th / 847

BRIEF-SIPEF Q1 Group Total Palm Oil Production Falls By 5.75%

Thu 18th April, 2019 6:19am
April 18 (Reuters) - SIPEF NV  SIFB.BR :
    * Q1 GROUP‘S TOTAL PALM OIL PRODUCTION FELL BY 5.75%
COMPARED WITH
THE FIRST QUARTER OF 2018
    * UNFAVOURABLE WEATHER LED TO A 5.75% FALL IN TOTAL PALM OIL
PRODUCTION DURING THE FIRST QUARTER
    * THE PALM OIL MARKET SLOWLY RECOVERED FROM THE VERY LOW
PRICES IN
FOURTH QUARTER OF 2018 AND FLUCTUATED AROUND USD 540 PER TON CIF
ROTTERDAM DURING THE FIRST QUARTER
    * GROUP EXPECTS THIS CURRENT TREND TO REBOUND IN THE COURSE
OF THE
YEAR, PRODUCING A POSITIVE GROWTH FIGURE
    * MANAGEMENT IS REASONABLY CONFIDENT THAT THE MARKETS WILL
RISE,
BUT REMAINS CAUTIOUS WITH REGARD TO THE UNPREDICTABILITY OF
POSSIBLE EXTERNAL EVENT
    * CULTIVATED AREAS HAVE RISEN TO 11 015 HECTARES IN MUSI
RAWAS IN
SOUTH SUMATRA, INDONESIA, WHERE EXPANSION CONTINUED STEADILY
    * THE OUTLOOK FOR PALM OIL PRODUCTION IN THE SECOND QUARTER
REMAINS MODERATELY POSITIVE

Source text: https://bit.ly/2GvsYEr
Further company coverage:  SIFB.BR 

 (Gdynia Newsroom)
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 09 20;))
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