Malaysia’s Oct palm oil stocks seen down 2.4pc
30/10/2007 (Business Times, Malaysia) - Malaysian palm oil stocks are expected to fall 2.4 per cent in October from a month earlier due to declining production, a Reuters poll showed today.
Stocks fell to 1.43 million tonnes from 1.46 million tonnes in September, according to a median estimate of five plantation houses polled by Reuters.
Palm oil output in Malaysia is forecast to fall 5.8 per cent to 1.51 million tonnes this month as plantation workers took a long break to mark the Muslim Eid al-Fitr celebrations.
The poll showed exports are expected to slip 2.5 per cent to 1.36 million tonnes in October. - Reuters
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The group's Sri Kota Medical Centre in Klang, a 100% group-owned tertiary hospital, also saw operating profits of RM3.35mil in the year just ended.