Monday, 4 August 2014

Higher palm oil output to cap prices, depending on El Nino

* Threat of El Nino eases, but not completely ruled out
* Malaysian output may be capped by tree stress, Indonesian yields to surge
* Malaysian stockpiles seen hitting close to 2 mln tonnes in Sept 
* Prices to be trapped between 2,300-2,600 rgt in absence of El Nino

More details in Reuters News -