MARKET DEVELOPMENT
Nov Holidays May Affect Palm Oil Output
Nov Holidays May Affect Palm Oil Output
10/26/04 (Oilmandi) - Are some concerns CPO supply may be disrupted inmid-November due to Deepavali and Idul Fitri holidays in Malaysia,Indonesia; official holidays only 2-3 days but workers typically away forlonger. "People are a bit concerned that production will be weaker becauseof all the holidays," says trader at Malaysia house; but lower productionwould be positive for palm oil prices.