MALAYSIAN JULY PALM OIL FORECAST – IVAN WONG

KUALA LUMPUR, Aug 7 (Reuters) - Malaysia's palm oil output in July willhit 885,000 tonnes, a 4.3 percent drop on June's 924,855 tonnes, privatecrop forecaster Ivan Wong said on Tuesday. Wong forecast end-July stocksat 915,000 tonnes, down from 1.03 million tonnes at the end of June. Heestimated exports in July at 875,000 tonnes against 969,779 tonnes inJune. Malaysian palm oil supply-demand estimates/projections as of August7, 2001 (in '000 tonnes):