Dorab Mistry: Palm oil may touch US$955 on tight supplies; increase in export levies by top grower Indonesia


JAKARTA/KUALA LUMPUR, Sept 25 (Bloomberg): Palm oil futures will stay strong at least until March on an increase in export levies by top grower Indonesia, with supplies seen tight during the first two months of 2022, according to veteran trader Dorab Mistry.

The most-used vegetable oil is expected to trade between RM4,000 (US$955) to RM4,400 per ton during the October-February period, before slightly dropping in March, Mistry, director at Godrej International Ltd., said at the Globoil conference on Saturday.

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Palm oil , Ftures , Stay , Strong , March , 2022

   

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