date:Aug 12, 2014
Malaysian palm oil futures sank to a more-than-one-year low on Monday after an unexpected rise in palm end-stocks, with projections of a bumper crop of competing oilseeds sparking fears that supply would overwhelm global demand. Palm oil stocks in Malaysia were 1.5 percent higher at the end of July at 1.68 million tonnes, according to a monthly report from the Malaysian Palm Oil Board, with strong output adding to stocks that were actually expected to drop.
Jitters of dwindling demand for the