date:Aug 05, 2014
Malaysian palm oil futures fell on Monday as fears of rising output amid slackening overseas demand piled pressure on to the tropical oil, while weaker comparative soyoil prices weighed. Market players said production in Malaysia, the world's second-largest grower, likely picked up in July and could continue to rise August onwards. Export demand, however, dwindled at the end of July as reported by cargo surveyor data.
Our production is very, very good. It is picking up steam, said a trader wit