date:Mar 07, 2013
y analyst Dorab Mistry said on Wednesday at the meeting.
Indonesia, the world's top palm oil producer, does not publish official data on inventory levels, but they were estimated at 5 million tonnes in January, while No. 2 producer Malaysia started 2013 with record stocks of 2.63 million tonnes.
Therefore the outlook further forward, given normal weather, is bearish, continued Mistry, who is also the director of Indian conglomerate Godrej International Ltd.
Conference attendees were also focu