Prices
for palm oil, which is the cheapest edible oil should be
reduced by 7% in the next 4-6
weeks in order to attract demand
and reduce inventory record, according to analysts.
Thus, prices should fall to 2,200 ringgit /
ton. It is expected that in 2013, the production of palm oil in Malaysia will
increase from 18.5 to 19 million
tons and Indonesia to 29.5-30 million tons.
In 2012/13 MY
the global consumption of palm oil
could rise by about 4 million tons, outpacing supply by 3.2 million tons
