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Demand for palm oil to peak next month in Pakistan, says industry expert | Malay Mail

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KUALA LUMPUR, Jan 7 — Demand for Malaysian palm oil in Pakistan is expected to peak next month in conjunction with the upcoming Ramadan celebrations, said an industry expert. Westbury Group of Companies chief executive officer Abdul Rasheed Janmohammed said February would be the main month of...

Thursday, 07 Jan 2021 09:41 PM MYT

Westbury Group of Companies chief executive officer Abdul Rasheed Janmohammed said February would be the main month of spending in preparation for Ramadan in April. Having said that, Abdul Rasheed believes that the crude palm oil price forecast on the Bursa Malaysia Derivatives for the first quarter of this year should be between RM3,100 and RM3,300 per tonne to attract demand.

 

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