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NEWS ADMIN

Mahamad Rodzi Abdul Ghani

DATE

12/07/2001

NEWS PROVIDER

Mahamad Rodzi Abdul Ghani

NEWS SOURCE

NULL

CATEGORY

HEADLINE

MALAYSIAN JUNE PALM OIL OUTPUT 937,000 - FORECASTE
MALAYSIAN JUNE PALM OIL OUTPUT 937,000 - FORECASTER IVAN WONG

KUALA LUMPUR, July 11 (Reuters) - Malaysia's palm oil output wasestimated at 937,000 tonnes in June, down five percent from May, privatecrop forecaster Ivan Wong said on Wednesday.Wong forecast end-June stocks at 1.11 million tonnes, down from 1.19million tonnes at the end of May. Exports in June were estimated at900,000 tonnes against 875,864 tonnes in May.Malaysian palm oil supply-demand estimates/projections as of July 11,2001 (in '000 tonnes):Jun Jul Aug SepOpening stocks 1188 1100 1115-1125 1165-1175Imports 10 5 5 5Production 937 1020-1025 1090-1095 1145-1150Total supply 2135 2125-2130 2210-2225 2315-2330Exports 900 865-870 895-900 915-920Apparent domestic use 135 135-140 140-145 145-150Total offtake 1035 1000-1010 1035-1045 1060-1070End month stocks 1100 1115-1125 1165-1175 1245-1255