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CORRECTED-Sime Darby sees palm oil prices holding at 2,600-2,700 rgt/T until yr-end
November 16, 2017 / 8:03 AM / a month ago

CORRECTED-Sime Darby sees palm oil prices holding at 2,600-2,700 rgt/T until yr-end

(Corrects company official’s title in paragraph 2)

KUALA LUMPUR, Nov 16 (Reuters) - Sime Darby Bhd, the world’s largest oil palm planter by land size, sees crude palm oil prices holding at 2,600 ringgit ($622.75) to 2,700 ringgit per tonne until year-end, a company official said on Thursday.

The company’s fresh fruit bunch production for the 2018 financial year is estimated to grow 6-7 percent from the previous year, Franki Anthony Dass, chief executive officer of its plantations business, told reporters following the release of Sime Darby’s earnings. ($1 = 4.1750 ringgit) (Reporting by Emily Chow)

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