MARKET DEVELOPMENT
Malaysian Palm Oil Stocks to Fall in Coming Months
Malaysian Palm Oil Stocks to Fall in Coming Months
08/06/2012 (Reuters) - Palm oil stocks in Malaysia, the world's second biggest producer, are likely to fall further in coming months due to the Ramadan festival after they may have dropped below the 1.86 million tonnes touched in April, a trade body executive said on Thursday.
The country's 2012 palm oil output is likely to be at 19 million tonnes, almost flat from 18.9 million tonnes a year ago, Malaysian Palm Oil Council Chairman Lee Yeow Chor told reporters at a conference here.