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Breaking News-RTRS-Palm seen at 3,200 rgt/T by June on $85/bbl crude-Fry

Posted by Flora Sawita Labels:

NUSA DUA, Indonesia, Dec 4 (Reuters) - Malaysian palm oil prices are expected to rise to 3,200 ringgit per tonne by June if Brent crude oil stands at $85 a barrel and palm oil stocks in the world's number 2 producer fall to 1.25 million tonnes, James Fry, chairman of commodities consultancy LMC International, said on Friday.

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