Sunday, September 13, 2009

Malaysia Palm stock raise

The Malaysiam Palm Oil Board reported total palm oil inventories rose 6.2% to 1.42 million tons, export decline 9.5% to 1.32 million tons and production and production 105,000 tonnes lower(yoy) , after dry weather for much of the year.

My commentary: production increased and export goes down that put presure on palm oil price also other vegetable oil.

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