Breaking News-RTRS-MALAYSIA'S COMMODITIES MINISTER SAYS OCT PALM OIL STOCKS COULD EXCEED 2 MLN TONNES

KUALA LUMPUR, Nov 7 (Reuters) - Malaysia's October palm oil inventory could exceed 2 million tonnes, Commodities Minister Peter Chin said on Friday.
Palm oil stocks likely rose 4.1 percent to a near-record level of 2.03 million tonnes as production posted steady growth despite a major holiday season, outpacing a weak increase in exports, a Reuters poll showed on Thursday.[ID:nSGE000073]
Chin said the country's crude palm oil output is expected to top 18 million tonnes next year.
The minister also said Malaysia's biodiesel exports to the European Union countries and the United States have fallen by 20 percent so far this year as a result of pressure from environmentalists.