Palm | Kelapa Sawit

KUALA LUMPUR, March 12 (Reuters) - Malaysian palm oil futures may come under pressure in the second half of 2009 on weaker soyoil prices as well as an uptick in output from August and slower shipments, a top industry analyst said on Thursday.
But for the moment, palm prices could cross 2,000 ringgit ($541.4) per tonne and test the 2,100 ringgit level in the next few weeks as stock levels fall in top producers Malaysia and Indonesia, said Dorab Mistry, whose views are closely followed by the market.
Mistry, head of vegetable oils trading with Indian conglomerate Godrej, said the price of palm oil had done well in recent months due to strong exports but this had eroded its competitive advantage over rival soyoil.