Monday, July 13, 2009

OSK-UOB sees dicey outlook for palm oil

KUALA LUMPUR, July 13 ?Plantation stocks in Southeast Asia will have a rough ride ahead due internet watch foundation rising output, uncertain weather conditions streamyx test the still hazy global economic outlook, said fund manager OSK-UOB today.

Jason Chong, chief investment officer of OSK-UOB Unit Trust Management, said his funds have been net seller of plantation stocks in the free internet speed test few weeks.

Chong, who helps manage RM3.7 billion at OSK-UOB, said he expects crude palm oil (CPO) prices to remain weak over the next few months because the industry is entering into a high production period.

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