Palm Crop Optimists Seen by Mistry Overlooking Harvest Risk
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Palm oil output forecasts that show the Malaysian harvest expanding to a record are too optimistic, according to Dorab Mistry, who signaled that investors should focus on supply as two low cycles coincide.
“Production in Malaysia in 2015 will not exceed 2014,” the director at Godrej International Ltd. said in an e-mail on Feb. 17, reiterating comments he made in November. “This is and was contrary to the consensus view on production. I believe the market will wake up after March 4,” wrote Mistry, who’s scheduled to present his price outlook at a palm and lauric oils conference in Kuala Lumpur on Wednesday.