Wednesday, March 24, 2010

Breaking News-RTRS-Biofuels cut Colombian palm oil exports -Oil World

HAMBURG, March 23 (Reuters) - Colombia's rising production of biodiesel is likely to slash the country's palm oil exports in 2010 following a long period of export expansion, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
Colombia's 2010 calendar year palm oil exports are forecast by Oil World to fall to 60,000 tonnes from 214,000 tonnes in 2009, opening the way for larger sales by rivals Malaysia and Indonesia.