Palm | Kelapa Sawit

KUALA LUMPUR, May 13 (Reuters) - IOI Corp, Malaysia's No 2. planter, said palm oil yields would fall by 5 percent due to a warm spell and that might push prices to 3,000 ringgit in the near term if there was an uptick in overseas demand.
Planters struggled to boost output in Malaysia last month and may continue to do so as oil palms also suffered biological stress after last year's strong harvests and low fertiliser use, IOI Executive Chairman Lee Shin Cheng said.