Wednesday, November 26, 2008

Breaking News-RTRS-Palm oil to gain world sales from soyoil-Oil World

HAMBURG, Nov 25 (Reuters) - Global soyoil exports are likely to slacken in coming months with palm oil being the main gainer, Hamburg-based oilseeds analysts Oil World said on Tuesday.
Global 2008/2009 (Oct/Sept) soyoil exports are likely to fall to 9.87 million tonnes from 11.12 million in the same year-ago period, it said.
But 2008/2009 (Oct/Sept) palm oil exports are set to rise to 35.13 million tonnes from 33.39 million a year previously.