Tuesday, August 10, 2010

Breaking News-RTRS - Malaysia's July palm oil stocks at one-year lows

KUALA LUMPUR, Aug 10 (Reuters) - Malaysia's July palm oil
stocks fell to their lowest in a year as overall local and
foreign demand still outpaced a recovery in output, data from an
industry regulator showed on Tuesday.
The Malaysian Palm Oil Board (MPOB) said stocks in the
world's No. 2 producer dropped 3.1 percent to 1.41 million
tonnes from a month ago, slightly lower than market estimates
but hitting the lowest since July. 2009.