Thursday, December 4, 2008

Breaking News-RTRS-INTERVIEW-Asian palm fights with sunoil to dominate food sector

NUSA DUA, Indonesia Dec 2 (Reuters) - Asian palm oil exports are set to grow as more soybean oil gets channelled into the biodiesel sector but the tropical oil could find itself in competition with sunoil for a bigger share of the food market, a leading industry analyst said on late Tuesday.
Sunoil is considered to be a premium, much healthier oil and recent drops in commodity prices as well as swelling stocks have led to a rush of orders from North Africa to India, said Siegfried Falk, co-editor of Hamburg-based research firm Oil World.

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