Palm | Kelapa Sawit

KUALA LUMPUR, July 17 (Reuters) - Average palm oil prices
will fall 23 percent this year and only edge higher in 2010 as
better demand prospects give way to concerns over a build-up in
global vegetable oil supply, a Reuters poll showed on Friday.
Malaysian palm oil is forecast to average 2,200 ringgit a
tonne in 2009, 8.9 percent higher than 2,020 ringgit by
Thursday's close, as analysts pointed to an inflow of rival
soyoil from the upcoming U.S. soy harvest and higher palm oil
stocks curbing any gains.
The poll of 17 analysts covering top palm oil producers
Indonesia and Malaysia put 2010 prices at 2,275 ringgit, up 3.4
percent from this year's forecast, based on a more convincing
recovery in the global economy even though a better supply
scenario will dominate.