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Forecasting Price Trends: A weekly column by G.M. Teoh on Crude Palm Oil, Soyoil, Cocoa and Cash-Tin.
ON Wednesday, the Malaysian Palm Oil Board released palm oil statistics for February. Production declined by 11.3 per cent month-on-month (m-o-m) and 1 per cent year-on-year (y-o-y). Exports were down 20 per cent m-o-m but up 2.4 per cent y-o-y. Stocks inched down by 1 per cent m-o-m.
NATIONAL motorcycle maker Moto-sikal dan Enjin Nasional Sdn Bhd (Modenas) expects to increase its share of the local motorcycle market from 40% to 45% this year, thanks to a surge of interest in the first national 125cc scooter I>Karisma,/Iwhich was launched in Kuala Lumpur yesterday.
MATSUSHITA Industrial Corp Sdn Bhd (Maico) is aiming for a 43% share of the market for domestic air-conditioners this year, despite expectations of greater mobility of air-conditioners in the region with full implementation of the Asean free trade area (Afta) regime.