KUALA LUMPUR: Palm oil is expected to trade at between 4,200 ringgit and 4,500 ringgit ($998-$1,069) per metric ton in the next few weeks, caught between tight supply of vegetable oils and soft demand from key markets, the Malaysian Palm Oil Council said on Monday.
Palm oil futures on the Malaysian bourse ended morning trade at 4,464 ringgit, near the top end of the projected range.
