Friday, October 24, 2008

Breaking News-RTRS--POLL-Malaysia's Oct palm stocks may scale new record

KUALA LUMPUR, Oct 24 - Malaysia's October palm oil
stocks are expected to climb 4.6 percent to a record level of
2.04 million tonnes as output still rose despite the holiday
season amid a marked slowdown in shipments, a Reuters poll showed
on Friday.
Palm oil production in Malaysia, the world's second-largest
supplier, will probably edge up 0.7 percent to 1.59 million
tonnes in October, according to a median estimate of five
plantation houses.
Although the rate of production has somewhat slowed compared
to previous months, perhaps heralding the end of the high
production cycle as some respondents say, exports still lagged
behind, sliding 7.2 percent in October to 1.2 million tonnes.