date:Aug 05, 2014
Palm oil production in top growers Indonesia and Malaysia could pick up in the final months of this year, keeping a lid on prices, although some in the market are still worried about a potential El Nino plus tree stress in Malaysia.
Crude palm prices in Malaysia 0#FCPO: have tumbled more than 15 percent this year, due in part to a bumper harvest of rival soybeans. On Monday the benchmark October contract was down 1.1 percent at 2,260 ringgit ($706) per tonne at midday.
The El Nino weather phen