Global stockpiles of nine edible oils are expected to decline to levels not seen since 1974, according to U.S. government estimates. Meanwhile, a Bloomberg survey found that 11 analysts and traders expect palm oil prices to rise by an average of 23% by year's end. Overall, the demand increase for oils including palm, soy, rapeseed and coconut is estimated at 6.1% for marketing year 2010-11, compared with a production increase of only 4.2%.

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