Tuesday, August 26, 2008

RTRS-M'sia palm could slide to 2,200 ringgit -Mistry

KUALA LUMPUR, Aug 25 (Reuters) - Malaysian crude palm oil futures could slide as far as 2,200 ringgit per tonne before triggering fresh demand, as ideal weather extends the main growing season, a leading industry analyst said on Monday

But Dorab Mistry cautioned that the forecast only applied if struggling oil prices stabilise around $100 a barrel.