Breaking News-RTRS-INTERVIEW-Indonesia's end-08 palm oil stocks seen up 67 pct

JAKARTA, Nov 4 (Reuters) - Stocks of crude palm oil in Indonesia, the world's largest producer of the commodity, could swell 67 percent this year, boosted by higher output and defaults by foreign buyers, an industry official said on Tuesday.
"I am looking at a stock level of around 1.9-2.0 million tonnes by the year-end. It is around 800,000 tonnes bigger than last year," Akmaluddin Hasibuan, chairman of the Indonesia Palm Oil Producers Association (GAPKI), told Reuters by telephone.
Stock levels hit 2.4 million tonnes in October because of the defaults, but had gradually declined to about 2 million tonnes as export shipments had resumed, Hasibuan added.