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Palm oil producers predict El Nino to hit 2016 output
date:May 16, 2016
of the worlds largest palm oil planters, said output from its plantations could fall 10-15 percent this year, hurt by El Nino, and that it expects crude palm oil (CPO) prices to rise.

We have seen CPO prices around $700 earlier this year, recently we have seen some decline We believe we can go back to levels that we saw earlier this year, and potentially higher, Richard Fung, director of investor relations, said on its earnings conference call.

The company said it was possible for prices to r

03/05 09:20