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Palm oil prices may fall below RM3,000
by hlk Tue 12 Jul 2011, 13:11
Malaysian palm oil prices may fall below RM3,000 per metric ton this month as consumers may defer purchases in anticipation of lower selling prices, according to CIMB Investment Bank Bhd in a report today.
Palm oil prices are expected to remain between RM2,900 and RM3,200 per ton in July, Ivy Ng Lee Fang, an analyst based in Kuala Lumpur, wrote in the report. -- Bloomberg
Palm oil prices are expected to remain between RM2,900 and RM3,200 per ton in July, Ivy Ng Lee Fang, an analyst based in Kuala Lumpur, wrote in the report. -- Bloomberg
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