MARKET DEVELOPMENT
MARKET TALK: Big Indonesia CPO Sales To Malaysia U
MARKET TALK: Big Indonesia CPO Sales To Malaysia U
23/12/04 (Dow Jones)--Concerns rising CPO stocks in Indonesia may triggerheavy exports by producers there to Malaysia appear overdone, says traderin Singapore. Adds current Indonesian CPO export prices at $370/ton; afteradding freight charges, more expensive for Malaysian refiners to importraw material from Indonesia than to buy locally; therefore, no immediatelikelihood of influx of Indonesian CPO into Malaysia.