Palm | Kelapa Sawit

KUALA LUMPUR, May 7 (Reuters) - Malaysian palm oil stocks now stand at 1.2 million tonnes and will keep prices of the vegetable oil trading between 2,600 ringgit ($737.6) and 2,800 ringgit, the country's new commodities minister said on Thursday.
The figure given by Bernard Dompok, who took over the commodities portfolio last month, was 100,000 tonnes lower than a Reuters poll which pegged April's end-stocks at 1.3 million tonnes. For the poll, click [ID:nKLR148859] "Crude palm oil futures prices would rise steadily. We would not see any big drop or spectacular rises like last year," Dompok was quoted by state news agency Bernama as saying.