MARKET DEVELOPMENT
Malaysia's Sime Darby Sees Palm Prices in Range of 2,300 to 2,500 Rgt/Tonne Until June
Malaysia's Sime Darby Sees Palm Prices in Range of 2,300 to 2,500 Rgt/Tonne Until June
27/02/2015 (Reuters) - Palm oil prices are likely to hover between 2,300 ringgit and 2,500 ringgit per tonne until June 2015, the chief executive of Malaysia's Sime Darby Bhd , the world's top oil palm planter by land size, said on Thursday.
This is slightly higher than the official's end-November expectation for prices to average between 2,200 and 2,500 ringgit per tonne from now until June 2015. ($1=3.5995 Malaysian ringgit)
This is slightly higher than the official's end-November expectation for prices to average between 2,200 and 2,500 ringgit per tonne from now until June 2015. ($1=3.5995 Malaysian ringgit)