Reports have suggested that China may buy more commodities from the U.S. as part of their tariff agreement. If true, Malaysia — one of the world’s top palm oil exporters — will benefit from it, said Cavenagh.
KUALA LUMPUR (March 6): After a year of bleak crude palm oil (CPO) prices, FGV Holdings Bhd, the world's largest CPO producer, sees this year as the "turning point" for the palm oil industry.
"I believe that it will be a turning point this year [as] we get a clearer picture about the government policy, as well as the market supply and demand situation," FGV chairman Datuk Wira Azhar Abdul Hamid told theedgemarkets.com on the sidelines of the Palm & Lauric Oils Price Outlook Conference & Exhibition 2019.
He said the group will focus on improving productivity and weeding out inefficiencies.
Azhar said the group is adopting a prudent stance this year, with a projected average CPO price of RM2,250 a tonne. At 4.24pm today, the benchmark palm oil contract for May delivery was trading RM11 lower at RM2,150 a tonne.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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