date:May 07, 2014
r local consumption in Malaysia and Indonesia driven primarily by mandatory biodiesel mandates. Although supply of alternative vegetable oils could surprise on the upside with the CPO discount to soy bean oil widening to USD 120/tonne from USD 60/tonne in March, dry weather impacts and a possible El Nino in South East Asia could significantly reduce palm oil production from the worlds two biggest producers and provide strength for future palm oil pricing. As at the end of the April, the Group ha