Friday, July 10, 2009

RTRS-UPDATE 1-Malaysia's June palm oil stocks at 4-month high

KUALA LUMPUR, July 10 - Malaysian crude palm oil stocks in June rose 2.5 percent to a 4-month high, although the pace of growth slowed from a month ago as an output rise barely outpaced an increase in orders, data from an industry regulator showed on Friday.

The increase was below market expectations for a 4.6 percent rise to 1.43 million tonnes forecast in a Reuters poll this week.

Exports of Malaysian palm oil products for July 1-10 rose 44.8 percent to 419,100 tonnes from 289,437 tonnes shipped between June 1 and 10, cargo surveyor Intertek Testing Services said earlier in the day.