MARKET DEVELOPMENT
MALAYSIA DEC PALMOIL OUTPUT 1.2 MLN TNS
MALAYSIA DEC PALMOIL OUTPUT 1.2 MLN TNS
KUALA LUMPUR, Dec 22 (Reuters) - Malaysia's palm oil output inDecember is expected to touch 1.2 million tonnes, crop forecaster PALMISManagement Sdn Bhd said on Wednesday.Production in November officially stood at 1.26 million tonnes.PALMIS's figures, compiled by independent market analyst Ivan Wong,forecast December palm oil exports at 965,000-970,000 tonnes.Exports in November officially stood at 1.10 million tonnes.Wong put end-December stocks of palm oil at 1.525 million to 1.535million tonnes, against the official 1.41 million seen at end-November.Reuters will publish on Thursday details of Wong's estimates on palmoil supply and demand for December.