Tuesday, October 7, 2008

Breaking News-RTRS-Malaysia's September palm stocks climb 9.3%-POLL

The Reuters poll also showed Malaysia probably imported
20,000 tonnes, mainly of crude palm oil, from Indonesia.
Breakdown for September estimates (in tonnes):

Production: Range (R) 1,630,000-1,728,000 Median (M)1,647,543 Average (Avg) 1,663,272

Exports (R) 1,180,000-1,205,000 (M) 1,200,000 (Avg) 1,196,250

Imports (R) 15,000-50,000 (M) 20,000 (Avg) 26,250

Closing stocks (R)1,988,000-2,166,000 (M)2,020,000 (Avg) 2,048,500
* Median for closing stocks based on estimated exports of
1,200,000 tonnes and domestic consumption of 295,673 tonnes
subtracted from 3,515,673 tonnes, the total of September's
estimated production, imports and official opening stocks.