By Claire Leow
Oct. 5 (Bloomberg) -- Palm oil may rise higher next year than previously forecast as stockpiles decline and the dollar weakens, lifting demand, Ben Santoso, a plantation analyst at DBS Vickers Securities (Singapore) Pte., said in a report. Prices of the world’s cheapest edible oil may average 2,380 ringgit ($688) a ton, compared with an estimate of 2,300 ringgit, he said. The commodity may reach 2,440 ringgit in 2011, compared with 2,330 ringgit forecast earlier, the report said.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aH1zI1xUUBSw
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