Monday, September 27, 2010

Breaking News-RTRS-Soyoil, biofuels may lift crude palm oil - Mielke

MUMBAI, Sept 25 (Reuters) - Robust biofuel demand and firm soyoil prices may lift crude palm oil (CPO) prices by 11 percent to 3,000 ringgits per tonne in five months, a top industry analyst said on Saturday.
On Friday, Malaysia's benchmark palm oil futures rose by more than 1 percent to close at 2,701 ringgit ($871.8).