Breaking News-RTRS-Palm oil prices to firm on low stocks - Oil World

HAMBURG, May 5 (Reuters) - Concern about low stocks is likely to keep palm oil futures firm, continuing a recovery after a sell-off last week largely caused by global flu fears, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
"There is the general expectation in the market that Malaysian palm oil stocks have continued to decline in April from the already very low end-March 2009 level of 1.36 million tonnes," Oil World said.
"We estimate stocks at around 1.3 million tonnes as of end-April, down steeply by around 1.0 million tonnes from the record level registered as of end-November 2008 and also sharply below the 1.79 million tonnes reported as of end April 2008."