Higher palm oil price in sight

On palm oil production, Dorab expects Malaysia

KUALA LUMPUR: Oil palm producers whose profits were affected by the 15% drop in crude palm oil (CPO) price last year, will get a short relief as the commodity is expected to climb back to RM2,500 per tonne in May from RM2,380 per tonne currently on lower production and reduced stocks outlook, said international palm oil expert Dorab Mistry.

However, he warned that the improved sentiment in CPO price in the first half 2015 could be short lived and will reverse back to trend lower in the second half of this year on continued bearish fundamentals.