Business Times

Tuesday - October 30, 2007

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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This entry was posted on Wednesday, October 31st, 2007 at 10:44 am and is filed under Malaysia. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.