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Higher palm oil output to cap prices, depending on El Nino
date:Aug 05, 2014
ends on the prices. If palm is priced cheap enough, the demand will be there, said Ivy Ng, an analyst at CIMB Research in Kuala Lumpur.

Refined palm olein currently trades at a discount of about $90 to soyoil 0#AMSOYOIL-AR, compared to about $60 at the start of 2014 and $300 in January 2013.

Ng expected palm prices to trade between 2,300 and 2,600 ringgit a tonne for the rest of the year, a little above the current level.

I don't think it can break out of that range unless something drastic h

12/21 18:58