Weak ringgit translates to higher revenue for oil palm planters

Palm oil prices are also being supported by supply fears

PETALING JAYA: The weaker ringgit is a boon for oil palm planters.

At RM2,284 a tonne yesterday, crude palm oil (CPO) futures contract on Bursa Derivatives, which is quoted in ringgit, has risen 18.4% from the recent low in August.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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Business , CPO , oil , commodities , oil palm , palm oil , commodities , plantations , stocks , shares , klci ,

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