Breaking News-RTRS-MidEast's Ramadan palm oil needs almost covered -trade

KUALA LUMPUR, Aug 19 (Reuters) - Middle Eastern countries have bought 70 percent of an extra 70,000 tonnes of palm oil cargoes needed for the Muslim holy month of fasting that begins in the third week of August, Southeast Asian traders said on Wednesday.
Countries in the region usually buy an additional 150,000 tonnes for the Ramadan fasting observance, where fasting in the day is followed by elaborate feasts at night, but have cut down on orders because of ample port stocks and a recent run-up in prices.