Tuesday, November 11, 2008

Breaking News-DJ-Dorab Mistry - CPO prices haven't bottomed out yet, may fall to MYR1,200

KUALA LUMPUR (Dow Jones)--Crude palm oil prices haven't bottomed out so far
and may fall to MYR1,200 a metric ton incase crude oil falls to $50 a barrel,
Dorab Mistry, a London-based vegetable oils analyst, said Tuesday.
CPO prices may hover around MYR1,600/ton provided crude oil trades at $80/barrel, Mistry said addressing the China International Oils and Oilseed Conference in Guangzhou.