Crude palm oil production would recover in October and Malaysia's month-end stocks would swell, he said on Sunday, suggesting that Malaysia's benchmark palm oil futures, which closed at 2,701 ringgit ($871.8) on Friday, would weaken.
Monday, September 27, 2010
Breaking News-RTRS-Palm oil to rise by Jan after weak Oct-Mistry
MUMBAI, Sept 26 (Reuters) - Malaysian crude palm oil futures could rise at least 11 percent to 3,000-3,200 ringitt per tonne by January as demand strengthens but prices may weaken slightly next month as output and stocks rise, top analyst Dorab Mistry said.
Crude palm oil production would recover in October and Malaysia's month-end stocks would swell, he said on Sunday, suggesting that Malaysia's benchmark palm oil futures, which closed at 2,701 ringgit ($871.8) on Friday, would weaken.
Crude palm oil production would recover in October and Malaysia's month-end stocks would swell, he said on Sunday, suggesting that Malaysia's benchmark palm oil futures, which closed at 2,701 ringgit ($871.8) on Friday, would weaken.
