date:Aug 05, 2014
ockpiles in July likely rose to 1.65 million tonnes due to weaker-than-expected exports in the month, Lim added. We believe that palm oil lost its competitiveness against soybean oil in July as soybean oil prices have declined significantly by 7 percent to 36.11 US cents per pound, he said in a research note on Monday.
Cargo surveyor Societe Generale de Surveillance on Monday reported that exports of Malaysian palm oil products for July fell 2.8 percent to 1.35 million tonnes as demand to Chin