Monday, January 24, 2011

Sime Darby Plantations see CPO trading RM3,000 to RM3,500 in 1H

CAREY ISLAND, Selangor: Sime Darby PLANTATION [] sees crude palm oil (CPO) prices to trade between RM3,300 and RM3,500 per tonne in the first half of 2011.

Its executive vice president Franki Anthony said on Monday, Jan 24 for the whole year, CPO would average RM3,000 per tonne.

At midday, the CPO third month futures rose RM67 to RM3,815 in line with the surge in commodity prices.


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