Monday, August 25, 2008

Breaking News-RTRS-UPDATE: CPO May Not Fall Below MYR2,200/Ton In Near Term

KUALA LUMPUR (Dow Jones)--Crude palm oil futures may not fall below MYR2,200 a metric ton for the next few weeks if crude oil prices stabilize around $100 a barrel with a 10 percentage points range, Dorab Mistry, a London-based vegetable oils analyst, said Monday."At these levels, there should be strong demand growth," Mistry said addressing a conference organized by the Malaysian Palm Oil Council.