Wednesday, January 13, 2010

Breaking News-RTRS-Oil world sees palm oil prices remaining high

HAMBURG, Jan 12 (Reuters) - Global palm oil prices are likely to remain high in coming months despite recent weakness, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
"Palm oil prices will indeed be supported in the next four to six months, considering that soyoil supplies are still tight in South America, sun oil supples are becoming increasingly scarce and the production prospects for palm oil are at least uncertain," it said.