KUALA LUMPUR: Malaysian palm oil futures registered their biggest fall in nearly a month in evening trade on Tuesday, dragged down by forecasts of rising output in September and slower export demand from China and India. "Data from the Malaysian Palm Oil Board (MPOB) is bullish, but moving forward we've got poor exports and a production rise," said one Kuala Lumpur-based trader, referring to official data from an industry regulator. Malaysia's palm oil stocks at the end of August were down 17.3 percent month on month to 1.46 million tonnes, the MPOB said on Tuesday, while exports jumped by 30.9 percent. A Reuters poll found that August end-stocks in Malaysia were expected to decline 9.6 percent to 1.6 million tonnes while production was expected to rise 9.7 percent to 1.74 million tonnes. In related vegetable oils, the January soybean oil contract on the Dalian Commodity Exchange fell 0.2 percent while the Chicago Board of Trade's December soybean oil contract lost 0.3 percent.- Reuters

Source: The Star September 13, 2016 23:03 UTC