Dalian vegoil futures undervalued, Chinese vegoil stocks too low - Mistry
* Dalian futures undervalued vs cash market - top analyst Mistry
* Chinese soy crush margins to improve
* Indian vegetable oil imports to hit record 12.3 mln T 2014/2015
* Palm oil price to go above 2,500 ringgit after March
By Anuradha Raghu
Nov 6 (Reuters) - Vegetable oil futures on the Dalian Commodity Exchange (DCE) are undervalued against the cash market as they do not reflect doubts over U.S. carry-over stocks, deterring imports into China, the world's No.2 consumer, industry analyst Dorab Mistry said.
The U.S. Department of Agriculture may have overestimated the crop acreage in the United States, Mistry said, meaning the estimated carry-over for U.S. soybeans could drop to 350 million bushels from 500 million.
That possibility had not been taken into account by Chinese traders, he told an oils and oilseeds conference in Guangzhou on Thursday.
"If 100 to 150 million bushels are taken away ... it can make a difference of 10 to 15 percent to prices," he said. "DCE futures are too low and do not adequately reflect this risk." Continuación...