Palm oil in Pakistan 

“CPO price in 2014 is expected to trade higher than the average of RM2,371 a tonne. Maintain Overweight,” it said.

The research house said Malaysia’s CPO production was expected to rise slightly in 2014 on yield improvement. It expected better CPO production of 19.4 million to 19.5 million tonnes in 2014 after a weak 2013 CPO production due to weak yield of older palm trees in Sabah.

In 2013, Malaysian Palm Oil Board (MPOB) reported CPO production of 19.2 million tonnes (up 2.3% on-year). Low production in December 2013 was 10.4% lower on-month and 6.4% lower on-year due to higher rainfall.