- Bloomberg•3 years ago
Palm, the world’s most-consumed edible oil, will see prices influenced by a potential El Nino weather event and increased biodiesel demand from Indonesia , according to Dorab Mistry, director at Godrej International Ltd. “The supply side will be dominated by the possibility of an El Nino,” said Mistry, who’s traded edible oils for more than three decades. “The demand side of the equation has been overtaken by biodiesel,” Mistry wrote in an e-mailed reply to questions from Bloomberg before an industry conference. The oil that’s used in foods and biofuels posted the biggest advance since October last month as drier-than-usual weather in the main growing regions in Southeast Asia coincided with forecasts that an El Nino may begin later in 2014.
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PP LONDON SUMATRA IDR100.00 (LSIP.JK)
Jakarta - Jakarta Delayed Price. Currency in IDR
|Day's Range||1,535.00 - 1,570.00|
|52wk Range||1,200.00 - 1,840.00|
|1y Target Est||N/A|
|P/E Ratio (ttm)||N/A|
|Avg Vol (3m)||28,363,100|
|Dividend & Yield||N/A (N/A)|