Exciting Time!

Posted by Flora Sawita

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!