Palm oil may break a support at 2,546 ringgit per tonne and fall more into a range of 2,505-2,530 ringgit, according to technical analysis by Wang Tao, a Reuters market analyst for commodities and energy technicals.
KUCHING: BLD Plantation Bhd
will expand the company’s oil palm estate area in Sarawak by more than 12% to 32,200ha following the completion of the proposed acquisition of Pekan Semangat Sdn Bhd for RM155.22mil cash.
Pekan Semangat’s 70%-owned subsidiary Agrogreen Ventures Sdn Bhd owns about 5,000ha of oil palm plantation in Stungkor, Lundu district in southern Sarawak.
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