Palm Oil May Slump Below 3,000 Ringgit Before Rebounding, Mistry Forecasts
12/04/2011 (Bloomberg) - Palm oil may drop to less than 3,000 ringgit a metric ton as output expands, before prices rally on growing use of soybean oil in U.S. biodiesel, Dorab Mistry, director of Godrej International Ltd., said today.