29 October 2013

CPO Price Expected to Drop in November (Retracement)


Crude Palm Oil price estimated to fall in November on concern over record high palm oil stocks in October except flood occurs in Malaysia especially for the major palm oil producing state of Johor, Pahang and Sabah. The monsoon season, which typically rolls in from November to March, may cause floods that disrupt harvesting and complicates the transportation of fresh fruit bunches to mills.

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