Plantation shares gain on news of India buying palm oil
When India restricted buying palm oil four months ago, the price of fresh fruit bunches reached an all-time low of RM300 per tonne. – EPA pic, May 20, 2020.
PLANTATION counters, led by Rimbunan Sawit, are among the most actively traded stocks on Bursa Malaysia in the morning session, following news that India will resume purchasing Malaysian palm oil following a four-month hiatus in a diplomatic spat. At 11.06am, Rimbunan Sawit’s shares are up 0.5 sen at 31.5 sen with 103.81 million shares traded, while TDM was flat at 27 sen with 100.03 million shares changing hands.
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