Wednesday, April 8, 2009

RTRS-POLL-Malaysia's March palm oil stocks seen at 20-month low

KUALA LUMPUR, April 8 - Malaysia's March palm oil stocks are likely to slide 12.8 percent to a 20-month low, slowing slightly as exports remained flat and output notched weak growth after months of decline, a Reuters poll showed on Wednesday.
March's inventory level in the world's second-largest producer is seen at 1.36 million tonnes from February, the lowest since July 2007, feeding fears of a squeeze in global vegetable oil supplies, according to a median estimate of five plantation houses.