Prices will remain firm due to floods in Sabah, a key palm oil producing state in Borneo, and strong exports in January, Lee was quoted by the Edge Financial Daily as saying.
Lee is also group executive director of IOI Corp
Tuesday, February 2, 2010
Breaking News-RTRS-Floods, exports to lift Malaysian palm oil price-MPOC
KUALA LUMPUR, Feb 2 (Reuters) - Crude palm oil prices are forecast to trade between 2,500 ringgit and 2,700 ringgit ($731.2-$789.7) a tonne over the next three months, Lee Yeow Chor, Chairman of Malaysian Palm Oil Council, said on Tuesday.
Prices will remain firm due to floods in Sabah, a key palm oil producing state in Borneo, and strong exports in January, Lee was quoted by the Edge Financial Daily as saying.
Lee is also group executive director of IOI Corp, Malaysia's second-biggest palm oil producer.
Prices will remain firm due to floods in Sabah, a key palm oil producing state in Borneo, and strong exports in January, Lee was quoted by the Edge Financial Daily as saying.
Lee is also group executive director of IOI Corp
