During this past year of inactivity, the palm oil industry has experienced the most exciting time in decades.
The price of Fresh Fruit Bunch (FFB) has increased 104% from RM360/mT (19% OER on Dec 5, 2006) to RM 736/mT (19% OER on Mar 28, 2008)! The FFB price reached its peak on March 4th, 2008 at RM 855/mT!
This is a very exciting time indeed for oil palm planters!
Friday, March 28, 2008
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