PALM NEWS MALAYSIAN PALM OIL BOARD Saturday, 23 Nov 2024

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MALAYSIAN AUGUST PALM OILL FORECAST -IVAN WONG
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KUALA LUMPUR, Aug 21 (Reuters) - Malaysia's palm oil output was estimatedat 972,000 tonnes in August, up eight percent from July, private cropforecaster Ivan Wong said on Tuesday. Wong forecast end-August stocks at900,000 tonnes, down from 921,825 tonnes at the end of July. Exports inAugust were estimated at 860,000-865,000 tonnes against 864,389 tonnes inJuly. Malaysian palm oil supply-demand estimates/projections as of August21, 2001 (in '000 tonnes):

Jul Aug Sep OctOpening stocksImportsProductionTotal supplyExportsApparent domestic use Total offtakeEnd month stocks 1032-89719298651421007922 9222970-9751894-1899860-865130-135990-1000895-905 895-90521065-10701962-1977890-895130-1351020-1030935-945 935-94521115-11202052-2067895-900135-1401030-10401010-1020