Wednesday, July 16, 2008

Breaking News-Oil World

Indonesia-July 15 (Reuters)-The sharply higher exports so far this year are a strong indication that Indonesian palm oil output in Jan/Dec 2008 will turn out above our latest estimate of 18.8 million tonnes compared with 17.0 in 2007-Hamburg-based oilseeds analysts Oil World said on Tuesday.

Argentine-July 15 (Reuters) - Argentine soybean stocks at end-June 2008 rose to around record levels as crushings fell due to a dispute between the country's farmers and the government, Hamburg-based oilseeds analysts Oil World said on Tuesday. It estimated that Argentina's June 30 soybean stocks rose to 36.0 million tonnes, up by 800,000 tonnes on the year despite a smaller soybean crop in 2008.