Malaysia oilseeds and products (Palm Oil) update September 2008

Malaysia's crude palm oil production rose 2.5 percent to 1.6 MMT in August. Despite an increase in crude palm oil output, stronger palm oil exports resulted in a slight increase in carryout stocks to 1.8 MMT at the end of August.

Weaker overseas demand and increasing stocks contributed to a further drop in Crude Palm Oil prices in September. Palmoil exports rose 5 percent to 1.5 MMT in August but were expected to decline by 13 percent in September.