PUTRAJAYA - One of Malaysian palm oil industry, IOI Corp Bhd, estimates the price of Crude Palm Oil (CPO) will rise in the first-quarter of 2015 between RM2,300 and RM2,600.
Executive Chairman of IOI Corp, Tan Sri Lee Shin Cheng said the recent trend were part of CPO business, by fluctuating price.
“We hope the price will strengthen in the near future, before the higher trend on the end of the year, when the production of palm oil entering the low season and Malaysia implements B7 biodiesel mandate,” he said, as quoted by The Sun, Thursday (30/10/2014). (T3)
