Palm Oil Notes

Word out of the POC event in Malaysia is that palm oil stocks are expected to decline through 2015 Q2 due to production interrupting monsoon rains that hampered output in December and January.  Production is seen falling to below 1.6 million metric tons by the end of Q2 before rebounding.  By the end of Q4 Stocks could be at least 2.5 million metric tons. However, palm stocks could fail to rise if local biodiesel mandates were increased…