Malaysia’s palm oil exports this month are likely to be fall 14%-15% from last month to around 1.2 million metric tons due to weak demand from Europe and China, trading executives said Monday.
"High stockpiles of soybeans in China have affected purchases of palm oil, which may slow down further with the onset of winter," a Singapore-based executive at a global trading company said.
-By Sameer Mohindru, Dow Jones Newswires; +(65) 6415-4085; sameer.mohindru@dowjones.com
(END) Dow Jones Newswires
August 30, 2010 05:27 ET (09:27 GMT)
Copyright (c) 2010 Dow Jones & Company, Inc.
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