09/08/2011 (UkrAgroConsult) - Malaysian palm oil futures are unlikely to fall below M$3,000 ($996) per tonne due to higher exports although the debt crisis in Europe and other parts of the world may affect some purchases, an industry official said today.

The forecast by Faudzy Asrafudeen, director of marketing development for the Malaysian Palm Oil Council (MPOC), comes as third-month palm oil dropped to an October 2010 low of M$3,015 after the US got its top credit rating cut.