NUSA DUA, Indonesia Nov 30 (Reuters) - Following are comments by key analysts at a palm oil industry conference in the Indonesian island of Bali:
THOMAS MIELKE, EDITOR, OIL WORLD
PALM OIL'S DISCOUNT TO SOYOIL
"Palm oil prices are undervalued, I consider the huge discount of $350 to soyoil as not sustainable. It is a matter of time with current surplus in palm oil getting disposed."
SOUTH AMERICAN CROPS
"South American crops are going to be key for prices. September to February 2012/13, global crushing of ten oilseed varieties forecast to suffer an unprecedented drop of 5 million tonnes."
"In contrast, crushing jumped8.4 million tonnes a year ago and 5.8 million tonnes per annum on the average of the past 14 years. The world needs more palm oil to offset these reductions."
"Soybean crushing could be compensated by higher palm oil supplies."
"September/February 2012/13 world soybean supplies down 24 million tonnes. Little rationing in world soybean consumption so far."
