KUALA LUMPUR: Sime Darby Bhd expects crude palm oil prices to trade rangebound between RM2,600 and RM2,700 per tonne,in the next few months as Indonesia continues to consume big amount of palm oil for its biodiesel mandate. In the first quarter ended September 2017, Sime Darby sold its palm oil at an average RM2,693 per tonne, or four per cent higher than RM2,592 per tonne a year ago. “In the next few months, we think palm oil would trade rangebound between RM2,600 and RM2,700 per tonne,” said group's plantation division chief executive officer Datuk Franki Anthony Dass. Sime Darby chief financial officer Datuk Tong Poh Keow, at the briefing, revealed the indicative price of the three entities. The smaller Sime Darby is likely to be around RM1.18 and RM2.17 with a market capitalisation of between RM8.00 billion and RM14.78 billion.

Source: New Strait Times November 17, 2017 04:18 UTC