Monday 8 June 2015

Reuters Poll On May's Palm Oil Supply Demand Data

Here is the excerpt from the Reuters poll on the palm oil production, export and end month stock for the month of May before the official announcement from MPOB on Wednesday.

Breakdown of May estimates (in tonnes):
Range Median
Production 1,740,000 - 1,828,914 1,788,990
Exports 1,481,000 - 1,701,000 1,605,000
Imports 47,500 - 100,000 57,500
Closing stocks 2,072,000 - 2,330,000 2,141,000

* May palm stocks seen down 2.4 pct m/m to 2.14 mln tonnes
* Exports seen up 36.6 pct, biggest m/m rise since Oct 2006
* Output seen rising 5.6 pct m/m to 1.79 mln tonnes
* Malaysian Palm Oil Board data due June 10 after 0430 GMT

By Anuradha Raghu
($1 = 3.7140 ringgit) (Editing by Tom Hogue)