Grain prices to remain lacklustre in 1H17, says Olam CEO

Grain balance-sheets are "burdensome."

2017 may be kicking off to a rough start for Olam International Ltd. (Olam), one of the world's largest food commodities traders. On back of oversupply in tandem with softening Chinese demand weighing on crops, grain prices are expected to be low in the first half-year.

"Prices will stay low for the next six months," Olam’s chief executive officer, Sunny Verghese, said to Bloomberg in an interview. "We have very burdensome balance-sheets across the entire grain complex.”

Read the full report.

More From Singapore Business Review

• Singapore drops out of top 10 best places for expats
  

• Here's why Singapore households' consumption is among the world's lowest
  

• ASL Marine sinks into the red with $6.7m losses