Author: Icon8888 | Publish date: Mon, 27 Jul 2015, 08:35 PM
Recently, the price of skim milk powder and sugar, the main raw material used by Johore Tin for its evaporated milk, condensed milk and other dairy products, has declined to level never seen before.
(Price of skim milk powder recently declined to USD1,702 per MT. In 2013, it used to trade as high as USD5,000 per MT)
(Sugar price has also declined to 5 year low)
All eyes on coming quarter results. The group might benefit from lower raw material cost. However, they have some US Dollar liabilities that might result in forex losses. In the meantime, they export 75% of their products.
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