Wednesday, August 5, 2009

Breaking News-RTRS-Oil World sees lower Malaysian 2009 palm oil output

HAMBURG, Aug 4 (Reuters) - Malaysian palm oil output is likely to fall 100,000 tonnes to 17.6 million in 2009, from 17.7 million tonnes in 2008, after years of steady growth, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
This was 200,000 tonnes below Oil World's previous estimate in early July and follows dry weather in the world's leading palm oil exporting country, Oil World said.