Thursday 7 March 2013

Palm Oil Conference 2013 Highlights


* Prices may climb to 2,625 ringgit by mid-year - Fry
* Prices to trade in 2,300-2,500 ringgit range till end-April - Mistry
* Palm oil faces resistance at 2,418 ringgit - technicals
* European palm oil imports may hit record 6.4 mln T this season - Oil World

These were the highlights from Reuters news.

Wednesday 6 March 2013

Indonesia Palm Oil For 2013

Indonesia palm oil supply and demand figures is forecasted IPOB according to Dow Jones news:

Stock ended 2013 at 2.3mln tones with stock ended 2012 at 2.5mln tones.
Output 2013 at 28mln tones with output 2012 at 27.5mln tones.