July 13 (Reuters) - Malaysia benchmark palm oil prices hit their lowest in nearly three years on Friday, as sentiment remains bearish over weak demand and jitters over the Sino-U.S. trade spat.
Palm oil fell as much as 1.2 percent to 2,159 ringgit in the second half of trade, its lowest levels since 21 September 2015. It is down 4.5 percent for the week so far, its sharpest weekly drop in seven months.
Here’s a look at previous price forecasts made by the industry’s most well-known analysts at the industry’s most high profile annual gathering in Kuala Lumpur.
Reporting by Emily Chow in KUALA LUMPUR, Rajendra Jadhav in MUMBAI