Malaysia exports 890000 tons of palm oil in May
-
Last Update: 2002-06-14
-
Source: Internet
-
Author: User
Search more information of high quality chemicals, good prices and reliable suppliers, visit
www.echemi.com
Introduction: palmis management Bhd, a private analyst in Kuala Lumpur (Dow Jones), predicted Tuesday that Malaysia's palm oil exports would reach 890000 metric tons in May, up from 862000 tons in April This final forecast does not change from its initial measurement on 6 June Palmis estimates that production in May was 920000 tonnes, up from 863000 tonnes in April and 910000 tonnes previously expected Inventory at the end of May is expected to be 960000 tons, down from 1.056 million tons at the end of April, but exceeding the final estimated 950000 tons This is the first time in more than a year that Malaysia's inventory has fallen below the psychological threshold of 1 million tons Traders said the figure was negative because forecasts for production and inventories were revised up Malaysian derivatives exchange's August crude palm oil futures contract price was 1433 ringgit / ton, exceeding Monday's price of 26 ringgit, but still below the noon closing price of 1440 ringgit.
This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only.
This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of
the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed
description of the concern or complaint, to
service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content
will be removed immediately.
