Tuesday, October 21, 2008

Breaking News-RTRS- MALAYSIAN PALM OIL MAY DROP TO 1,200 RGT IF BRENT CRUDE FALLS TO $55 - ANALYST FRY

KUALA LUMPUR, Oct 21 - Malaysia's palm oil output is likely to grow at a slower rate over the next six months with the current slowdown gaining pace, leading industry analyst James Fry said on Tuesday.
Palm oil prices have fall 60 percent from their March peak of 4,486 ringgit on bumper crops, slowing demand and fears financial turmoil will lead to a long global recession.