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OIL WORLD SEES MALAYSIA'S PALM OIL EXPORTS RISING
calendar28-01-2004 | linkReuters | Share This Post:

HAMBURG, Jan 27 (Reuters) - Malaysian palm oil exports are likely to risein February and March because of its attractive price compared to othervegetable oils while output is set to fall, Hamburg-based newsletter OilWorld said."Early estimates indicate a steep decline in (Malaysian) crude palm oiloutput in January," the newsletter said. Palm oil had become veryattractive compared to soyoil, sunoil, rapeoil and lauric oils, it said."This is noticed by consumers worldwide and will stimulate palm oildemand in the near term," it said."It should result in rising Malaysian palm oil exports in February andMarch and a reduction of Malaysian stocks owing to the seasonally smallproduction."