NUSA DUA, Indonesia: Malaysian palm oil prices may rise up to 21% by the first quarter of 2010 from their current levels on strong demand and as hotter weather hits yields, a top industry analyst said yesterday.
Dorab Mistry, head of vegetable oils trading at Godrej International, raised his forecast for the first three months to RM2,800-RM3,000 a tonne from an earlier estimate of RM2,400.
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