Friday, October 8, 2010

Breaking News-RTRS-MALAYSIA'S END-SEPT PALM OIL STOCKS SEEN UP 2.5 PCT AT 1.77 MLN TONNES VS AUG -REUTERS POLL

KUALA LUMPUR Oct 7 (Reuters) - Malaysia's Septemberpalm oil
stocks probably hit a seven-month high as slightly higher output
and imports outpaced overseas and local demand, a Reuters poll
showed on Thursday.
Inventories in the world's No. 2 palm producer probably rose
2.5 percent to 1.77 million tonnes, slowing its pace from the
22.6 percent jump in August, a median of five planters showed.
September output is likely to be almost flat at 1.61 million
tonnes. Poll estimates ranged from 1.60 to 1.67 million tonnes as
traders were divided between favourable weather boosting yields
and the long Eid al-Fitr holidays slowing harvest.