date:Jul 03, 2013
Malaysian palm oil futures fell to a six-week low on Tuesday as concerns over rising production in the second half of the year offset expectations that stocks in the world's No.2 producer could ease in June.
A demand uptick ahead of the Muslim Ramadan festival hadhelped boost palm oil exports by 5-7 percent for June as buyerssuch as India, Pakistan and the Middle East stocked up on thetropical oil.
Market participants are awaiting data due next week fromindustry regulator Malaysian Palm Oil