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2025-09-15 22:46:38
[UOB Kay Hian: Palm oil price increases may be limited in the short term] UOB Kay Hian analyst Lester Siew said in a report that palm oil price increases may be limited in the short term. Siew said that production growth is expected to slow month-on-month in September, with August production approaching the historical peak of about 1.9 million tons. Siew added that Malaysia's exports this month may also be flat or slightly lower month-on-month. Early export surveys by Intertek Testing Services and Am Spec Agri Malaysia showed that palm oil exports fell 1%-8% month-on-month from September 1 to 10. UOB Kay Hian maintained its market weight rating on Malaysia's plantation industry. The November delivery contract of the Bursa Malaysia Derivatives Futures closed down 9 ringgit to 4,445 ringgit per ton on Friday.
