20100805 1255 Palm Oil Related News.

Aug. 5 (Bloomberg) -- Palm oil must rise by as much as 24 percent to cool export demand as output declines in Malaysia, the second-biggest grower, and dry weather damages canola crops in Europe and Canada, according to Dorab Mistry, a director at Godrej International Ltd. “The market needs to move ahead rapidly so that there is time for rationing to set in,” Mistry, who’s traded vegetable oils for more than three decades, said in an e-mailed reply to Bloomberg. “At 2,600 ringgit, you cannot match demand with supply. And on top of that, the supply is shrinking.”