KUALA LUMPUR: 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 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 RM2,260 ($706) per tonne at midday.
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