Thursday, March 12, 2009

RTRS-Crude palm oil prices to rise slightly-Mielke

KUALA LUMPUR, March 12 (Reuters) - Crude palm oil prices will probably rise 6.7 percent to $640 per tonne, including cost, insurance and freight at Rotterdam in January to June, as global output of vegetable oils slows, a top industry analyst said on Thursday.
Thomas Mielke, head of German oilseeds research group Oilworld, said prices of RBD palm olein is will range around $670 a tonne CIF Rotterdam for the same period, but noted that the spreading economic downturn would limit palm oil's price rally.