In early 2001, Mr J Charles Wilson was interviewed by Bloomberg Malaysia's Ms Fariz Mashudi on the topic of palm oil prices. The question was "Is now the time to go long plantation companies?" Mr Wilson gave a forecast for higher palm oil prices and a number of reasons for his bullish outlook. PALM OIL Prices. Over the next two years palm oil prices rose from USD 200/TN to USD 450/tn. Mr Wilson's clients were quite pleased to say the least.