JAKARTA - Observer mentioned, flood recently happened in some regions in Malaysia, especially in the central production regions might increase crude palm oil (CPO) price in next two months.
The heavy rain and bad floods might disturb Malaysian CPO production. Rain happened in East Coast in Peninsula Malaysia which caused the worst flood since 1972 in some regions.
“The worst regions get the impacts of the floods are Kelantan, Terengganu, Pahang and Perak locating in Peninsular Malaysia. If the three regions are combined, they will produce 30 percents of the total palm oil productions in Malaysia,” analyst of PT Mandiri Sekuritas, Hariyanto Wijaya said as quoted from the research, Saturday (10/1/2015). (T3)
