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Commodity News
Sep 10 2008 10:30AM
UPDATE 1-Malaysia~s Aug palm oil stocks fall, exports jump
 (Adds details, table, graphic) 
    KUALA LUMPUR, Sept 10 (Reuters) - Malaysian crude palm oil 
stocks fell 6.5 percent to 1,848,130 tonnes in August, from a 
revised 1,977,397 tonnes in July, official crop agency Malaysian 
Palm Oil Board said on Wednesday. 
     A Reuters poll had forecast palm oil stocks to rise 1.2 
percent in August from a month earlier. [ID:nKLR50134] 
    During the month, Malaysia's palm oil output was up 2.5 
percent from July, while exports jumped 4.6 percent in August 
from a month earlier. 
    For a graphic, click on: 
https://customers.reuters.com/d/graphics/MY_PLMSTX1009.gif 
    Malaysian crude palm oil futures were marginally lower prior 
to the data release, traders said. 
    Earlier on Wednesday, cargo surveyor Intertek Testing 
Services said exports of Malaysian palm oil products for Sept. 
1-10 fell 1.7 percent to 400,977 tonnes from 407,922 tonnes 
shipped between Aug. 1 and 10. 
    Another surveyor, Societe Generale de Surveillance, will 
report its estimates later in the day. 
     The following is a breakdown of Malaysian Palm Oil Board 
figures and Reuters estimates for August: 
                 (volumes in tonnes) 
           Aug 08     Aug 08 Poll    July 08      Aug 07 
Output    1,599,556    1,650,000    1,560,215   1,559,362 
Stocks    1,848,130    2,000,000    1,977,397   1,452,097 
Exports   1,467,710    1,450,000    1,403,252   1,241,257 
  (Reporting by Soo Ai Peng; Editing by Faisal Aziz) 
  (([email protected]; +603 2333 8035; Reuters 
Messaging: [email protected])) 
Keywords: MALAYSIA PALM/MPOB  
  Source:   

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