Monday, March 8, 2010

Breaking News-RTRS-UPDATE 1-Malaysia says end-Feb palm oil stocks down slightly

JAKARTA, March 5 (Reuters) - Malaysia's end-February palm oil stocks likely declined slightly from the preceding month, hovering near 2 million tonnes, Malaysian Plantation Industries and Commodities' Minister Tan Sri Bernard Dompok said on Friday.
Any further drop in stocks would have a positive impact on palm oil price by easing pressures from the supply side as vegetable oils markets face the prospect of a bumper South American soy crop.