date:May 07, 2014
in the first quarter as compared to losses of USD 7.5 million in the same period last year. These losses include some USD 11 million of non-cash unrealised exchange losses on restatement of USD borrowings (2013: USD 8 million). The PGK-USD exchange rate is currently trading at around 0.3637.
Palm oil prices during the period have been trading in a range between USD 890 and USD 990 per tonne and the outlook for palm oil demand remains robust with a strengthening of the global economy and highe