Breaking News-RTRS-Asian palm to languish in the next 6 mths -analyst

KUALA LUMPUR, Oct 27 (Reuters) - Malaysian palm futures are unlikely to recover in the next six months, despite a strong chance the government will launch biofuel mandates and other steps this week to soak up record stockpiles, an analyst said on Monday.
Palm oil, down nearly 70 percent from a record of 4,486 ringgit in March, will struggle with rising output from top producers Indonesia and Malaysia amid a global financial crisis that is sucking funds away from commodities, Standard Chartered softs analyst Abah Ofon said.