Palm | Kelapa Sawit

KUALA LUMPUR, March 11 - Malaysian crude palm oil prices will probably drop at least 10 percent in the next 6 months as a worsening global recession reduces food and fuel consumption, senior analyst James Fry said on Wednesday.

"If crude oil stays at these kinds of levels, just below $45, I would see a fall of over 10 percent," Fry told Reuters on the sidelines of an industry seminar. "If crude oil goes down, then the price will fall more." Bursa Malaysia palm oil futures edged lower on Wednesday, with the benchmark May contract down 2 ringgit to 1,993 ringgit per tonne.