Wednesday, December 16, 2009

Palm Oil Futures May Climb 19% by March, Mistry Says

(Bloomberg) -- Palm oil futures may advance 19 percent by the end of the first quarter, said Dorab Mistry, director of Godrej International Ltd., one of India’s biggest importers of vegetable oils. Palm oil may gain to 2,800 ringgit to 3,000 ringgit per metric ton ($820 to $879) by the end of March, said Mistry in remarks prepared for delivery at a conference in New Delhi. He was reiterating a Dec. 4 prediction that the commodity would increase to 3,000 ringgit by the end of March.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a8GWePfFgqjY

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