Breaking News-RTRS-Palm exports to rise on soyoil shortage-Oil World

HAMBURG, July 28 (Reuters) - Tight global soyoil supplies are likely to generate a major increase in world palm oil exports as buyers seek alternatives in coming months, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
"World palm oil exports are likely to reach a staggering 35.2 million tonnes in Oct 2008/Sept 2009, up 2.4 million tonnes or seven percent from a year earlier," it said.
This meant palm oil stocks may not be replenished in the key exporters Malaysia and Indonesia. Stocks in the two countries are critical to setting global palm oil prices.