Palm Oil Price May Weaken Further in Second Half, Maybank Says

July 13 (Bloomberg) -- Malaysia’s average palm oil price may fall to 1,800 ringgit ($503) a metric ton in the second half from 2,250 ringgit in the first six months because of the slower global economic recovery and rising inventories, said Maybank Investment Bank Bhd.

“The recent price correction will gain momentum,” Maybank Investment said in a report today.