date:Feb 14, 2016
the worlds top producers.
High level of imports will continue as the Indian crop is lower and at the same time consumption is rising, said Sandeep Bajoria, chief executive officer of Sunvin Group, a Mumbai-based broker and consultant for oil and oilseed industry. Palm prices are reasonable to import.
Futures in Kuala Lumpur climbed as much as 1.4 percent to 2,632 ringgit ($632) a ton on Friday, the highest level since April 2014. Prices may climb to as high as 2,700 ringgit in the second quart