Malaysia palm oil prices may fall 17% by December

Malaysian crude palm oil (CPO) futures would drop below RM2,400 (US$572) per tonne in the last two months of the year, with their discount to other edible oils like sunflower and soyoil widening, Fry(filepic) told the Globoil India conference.

MUMBAI: Benchmark Malaysian prices for crude palm oil are likely to fall nearly 17% from current levels by November or December as overseas appetite for the commodity falters over the winter, leading industry analyst James Fry said.

Malaysian crude palm oil (CPO) futures would drop below RM2,400 (US$572) per tonne in the last two months of the year, with their discount to other edible oils like sunflower and soyoil widening, Fry told the Globoil India conference.