Breaking News-RTRS-Oil World expects moderate rise in palm oil prices

HAMBURG, March 9 (Reuters) - Global palm oil prices are likely to rise moderately in the first half of 2010 because of continued strong global demand, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
"Although fluctuating, we expect palm oil prices to trend moderately higher and probably appreciate by $30-60 (a tonne) from end-February until June 2010," it said.
"The global dependence on palm oil will continue to increase during the remainder of this season and also in the years ahead," it said.