Crude palm oil prices should rise 10 per cent by the end of June and more than 20 per cent by next February on the back of strong demand, tightening supply and buoyant crude oil prices, one of the industry’s leading analysts predicted.

Dorab Mistry, director of Godrej International, a London-based trading company, warned that prices were unlikely to remain high for long after that and could tumble rapidly if crude oil prices collapsed or the weather proved better than expected.