Godrej International's head of vegetable oil trading Dorab Mistry said there has been a strong catch-up rally in vegetable oil prices, particularly palm oil
Palm oil gained 6 percent in July, after dropping for two straight months before that.
Friday, August 27, 2010
Breaking News-RTRS - Palm oil may hit 3,000 ringgit/T in H2 -analyst Mistry
KUALA LUMPUR, Aug 26 (Reuters) - Malaysian crude palm oil futures may rise about 20 percent to trade close to 3,000 ringgit in the second half of 2010 as erratic weather slows output growth and demand strengthens, a top industry analyst said on Thursday.
Godrej International's head of vegetable oil trading Dorab Mistry said there has been a strong catch-up rally in vegetable oil prices, particularly palm oil that currently trades at around 2,500 ringgit on the Bursa Malaysia Derivatives (BMD).
Palm oil gained 6 percent in July, after dropping for two straight months before that.
Godrej International's head of vegetable oil trading Dorab Mistry said there has been a strong catch-up rally in vegetable oil prices, particularly palm oil
Palm oil gained 6 percent in July, after dropping for two straight months before that.
