Indonesia's rising palm oil stocks to weigh on prices- analyst Fry
AGRA, India, Sept 22 (Reuters) - Palm oil stockpiles that have built in top producer Indonesia because of export restrictions imposed earlier this year could weigh on prices, leading analyst James Fry said on Thursday.
"The oils market, led by palm as always, is wrestling with the indigestion caused by the enforced build-up of record stocks inside Indonesia, which are now struggling to get out of the country," Fry, chairman of commodities consultancy LMC International, told the Globoil conference in Agra, India. (Reporting by Rajendra Jadhav; Editing by Christian Schmollinger)
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