NEW DELHI: Palm oil futures in Malaysia may rise as production fails to keep up with demand in Asia and Europe for the vegetable fat used in food, detergents and fuel, according to TransGraph Consulting Pvt.
Palm oil might climb as high as RM1,600 a tonne by August on the Malaysia Derivatives Exchange, from RM1,448, Ravi Chandra, chief consultant at TransGraph, which advises commodity traders in India, said in a phone interview yesterday.
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