Wednesday, March 11, 2009

Asian palm oil exports set to rise again-Oil World

HAMBURG, March 10- Palm oil exports by key producer Malaysia and its rival Indonesia are set to rise again this season as the global food industry becomes more dependent on palm oil, Hamburg-based oilseeds analysts Oil World said on Tuesday.

Malaysia's October 2008/September 2009 palm oil exports are likely to rise to 15.83 million tonnes from 15.04 million tonnes in the same 2007/08 period, it estimates.

Indonesia's 2008/09 exports are forecast to rise to 15.63 million tonnes from 14.10 million tonnes.