Breaking News-RTRS-China's festive demand for palm oil slows as stocks rise

KUALA LUMPUR, Jan 22 (Reuters) - China has slowed palm oil purchases ahead of the Lunar New Year as port stocks are above 350,000-400,000 tonnes after heavy buying in the last two months of 2009, Asian vegetable oil traders said on Friday.
Although palm oil stocks at ports are 42 percent lower than the recent high level of 600,000 tonnes hit in July last year, demand has slowed, Chinese traders said.