Wednesday, November 4, 2009

Breaking News-RTRS-Oil World sees rising palm oil prices from Dec

HAMBURG, Nov 3 (Reuters) - Global palm oil prices are likely to rise from December because of reduced stocks and sunflower oil prices are also set to increase, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
"Owing to declining stocks, palm oil prices are likely to appreciate from December onwards and may rally by $80 to $150 (a tonne) until March or April 2010," it said.