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MPOB Monthly Report Imminent: Malaysia's Palm Oil Stockpiles May Surge Past 2.6 Million Tonnes as Strong El Niño Fuels Distant-Month Supply Cut Expectations
Strong El Niño forecast signals fresh upside for palm oil prices
CPO futures end mostly higher on soybean oil gains
Palm oil maintains its price advantage over soybean oil, but only through the end of summer
PHILIPPINE 2001 COCONUT OIL OUTPUT SEEN HIGHER
According to the United Coconut Association of the Philippines Inc.(UCAP), the country's coconut oil output in 2001 will probably rise by 4.4% to 2.59 million tonnes in copra terms from the estimated 2.48 milliontonnes in 2000.
Spike in production cost leads to rise in prices
Its president Tan Chee Hee said the prices of raw materials such as corn and soybeans had increased between 50% and 80%.
