KUALA LUMPUR—Palm oil prices could hit a record 8,100 ringgit ($1,938) a tonne in coming months following a plunge in global edible oil stocks and a decline in export surpluses, including the impact of war in Ukraine, analyst James Fry said on Wednesday.
He expected locally delivered crude palm oil prices in Malaysia to range between 6,600–8,100 ringgit a tonne until July, easing to 6,200–7,000 ringgit in the third and fourth quarters when supply builds up and demand reduces.
