Tuesday, March 9, 2010

Breaking News-RTRS-INTERVIEW-Malaysia KLK sees jump in Q2 avg palm oil price

IPOH, Malaysia, March 8 (Reuters) - Malaysia's Kuala Lumpur Kepong (KLK) expects a sharp increase in plantation earnings in the second-quarter to March, helped by higher crude palm oil prices, a senior company official said on Monday.
KLK , the Southeast Asian country's third-biggest oil palm plantation group, expects average crude palm oil price realised to rise by more than half in January-March from a year earlier, said Group Plantations Director Roy Lim.