date:Jul 31, 2014
ates, 290,514 tonnes of CPO was produced, some 14.1% higher than the same period last year. Palm Kernel Oil (PKO) production was 29,339 tonnes, some 15.8% higher than the same period last year.
The lower PNG Kina during the period continued to mitigate some of the cost pressure on our domestic wages and locally consumed services in US Dollar terms. However, in early June the Central Bank of PNG instructed foreign exchange dealers in PNG to quote the USD-PNG Kina exchange rate within 75 basis po