Monday, June 7, 2010

DJ Malaysia Palm Oil Stocks To Rise As Buyers Favor Soyoil -Fry

KUALA LUMPUR (Dow Jones)--Malaysia's palm oil inventory levels are likely to rise in the second half of the year as output in the second-largest palm oil producer in the world increases and major importers opt for soyoil due to a narrow spread to palm, affecting export growth, according to industry analyst James Fry.

"There is no reason to doubt (the rise in stocks) especially since the Ramadan boost to exports ends relatively soon and China and India are favoring soyoil right now," Fry, who is also chairman at London-based agribusiness consultancy firm LMC International Ltd., told Dow Jones Newswires via email
over the weekend.

-By Shie-Lynn Lim, Dow Jones Newswires; +603 2026 1233;

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