Sunday, December 02, 2012

Palm oil to drop 7%

Palm oil, the world’s cheapest available cooking oil, must drop 7% in the next four to six weeks to attract demand and lead to a decline in record stock levels, top vegetable oil analyst Dorab Mistry said Friday. To read more, go to:

Presently, crude palm oil is around RM2370 per ton. Keep a close watch to see if Dorab is right.