The price of palm oil may decline as much as 30 per cent this year as supply increases, putting pressure on producers including Golden Agri Resources Ltd, the Royal Bank of Scotland Group Plc said in a report.
The oil is likely to reach RM2,500 (US$821) a metric ton by the end of this year with the market being in excess surplus from July, RBS analyst John Rachmat said in the report dated May 18.
The oil is likely to reach RM2,500 (US$821) a metric ton by the end of this year with the market being in excess surplus from July, RBS analyst John Rachmat said in the report dated May 18.
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