Breaking News-RTRS-Palm oil use to rise and stocks to fall- Oil World

HAMBURG, March 31 (Reuters) - Global palm oil consumption will rise above output this season, cutting stocks and moving demand towards other edible oils, Hamburg-based oilseeds analysts Oil World forecast on Tuesday.
Global Oct 2008/Sept 2009 palm oil consumption is likely to rise to 44.77 million tonnes, up from 41.22 million tonnes in 2007/08, it forecast. This would be above estimated 2008/09 production of 44.57 million tonnes, also up from 42.36 million tonnes in 2007/08.