Okomu Oil Palm traded at 1,595.00 this Wednesday March 25th, decreasing 170.00 or 9.63 percent since the previous trading session. Looking back, over the last four weeks, Okomu Oil Palm lost 9.63 percent. Over the last 12 months, its price rose by 192.55 percent. Looking ahead, we forecast Okomu Oil Palm to be priced at 1,729.35 by the end of this quarter and at 1,626.65 in one year, according to Trading Economics global macro models projections and analysts expectations.
Okomu Oil Palm Company Plc is a Nigeria-based company engaged in cultivation of oil palm, processing of fresh fruit bunches into crude palm oil for resale, rubber plantation and processing of rubber lumps to rubber cake for export. The Company operates through two segments: Palm oil products and Rubber products. The Company produces Banga cooking oil and natural rubber products. The Company's plantation carries on the business of oil palm and rubber cultivation. The Company has ongoing plantation operations in Cote D'ivoire, Liberia, Guinea, Cameroon, Kenya and Indonesia.