02/12/2013 (UkrAgroConsult) - Palm oil prices could hit over a one-year high by March 2014, on strong demand from the biofuel industry, leading analyst Dorab Mistry said on Friday. Prices are rising faster than previously expected and could reach MYR3,000 (USD930) per tonne by next year according to the analyst.

Market participants, including Sime Darby  SIME.KL - the world's top oil palm planter, are hopeful that higher biofuel mandates will give legs to a recovery in palm prices that plunged 35% over the past two years.