September 28, 2018 / 7:48 AM / 2 months ago

Palm oil prices seen trading at 2,200-2,600 ringgit per T in H1 2019 -analyst Mielke

MUMBAI, Sept 28 (Reuters) - Crude palm oil prices are seen trading between 2,200 ringgit ($532) and 2,600 ringgit a tonne from January to June 2019, leading analyst Thomas Mielke said on Friday.

He added that there was limited downside potential at current price levels.

Benchmark palm oil prices were trading at two-month lows at 2,168 ringgit on Friday afternoon.

“The bottom is about 2,100 ringgit,” said Mielke, the editor of Germany-based newsletter Oil World. ($1 = 4.1370 ringgit) (Reporting by Emily Chow and Rajendra Jadhav)

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