Palm stocks reached 1.60mn tons at the end of June.

By bne IntelliNews July 8, 2010
Malaysia's palm stocks reached 1.60mn tons at the end of June with production of the commodity rising even though exports slowed. As reported by Dow Jones Commodities Service, exporters and cultivators have estimated that Malaysia's palm oil output in July would grow 5-10% m/m. According to Siegfried Falk, an analyst and co-editor at Hamburg-based Oil World, palm oil stocks in Malaysia and Indonesia are expected to increase seasonally over the next six months.

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