Wednesday, December 2, 2009

Breaking News-RTRS-Palm oil is vulnerable to price fall - Oil World

HAMBURG, Dec 1 (Reuters) - Palm oil prices are vulnerable to a price fall in coming weeks but any setback would be limited by a seasonal production fall which could again reduce current large stocks, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
"We see the potential for a setback in palm oil prices within the next four weeks," Oil World said. "Following the recent noticeable appreciation, we consider palm oil prices to be overvalued and vulnerable to a temporary setback."