date:Feb 19, 2016
The rally in palm oil prices has further to run, plantations group Sipef said, as it revealed that its Indonesian plantations were, after a strong finish to 2015, beginning to show signs of joining the countrys output downturn.
Sipef said that it expected a positive [palm oil] price development to continue with moderate upside, even after a rally which has already seen values on Kuala Lumpurs futures market revive by some 40% from Augusts six-year low.
The forecast reflected in part the hangov