date:Mar 07, 2013
sing on inventory in top buyers India and China, which rose to record levels in February as traders stocked up ahead of changes in policy by their respective governments.
Mistry said prices should remain in a 2,300-2,500 ringgit ($740-806) range until end-April, warning that trading may be more volatile due to a looming election in Malaysia. Prices stood at around 2,400 ringgit on Wednesday.
Palm oil's geopolitical risk was highlighted during the industry meeting, which coincided with a prolon