date:Mar 05, 2014
million tonnes and 1.2 million tonnes, up from the usual 500,000 tonnes to 600,000 tonnes. There are a lot of factors influencing palm oil prices, including the stockpiles that we have at the ports, one senior analyst with a Shanghai-based brokerage told Reuters on the sidelines of an industry conference in Kuala Lumpur.
Chinese demand for palm oil normally picks up from April but this year it is not going to be good as there is oversupply in the domestic market, said the analyst, who did not