KUALA LUMPUR : Malaysia's palm oil inventories at end-December likely shrank to the lowest in four months as production and exports slowed, a Reuters survey showed on Thursday.
Output fell for a second consecutive month as tropical storms and heavy flooding disrupted harvesting and hit supply lines across the world's second-largest producer.Exports also fell 1 per cent to 1.5 million tonnes, with cargo surveyors indicating a slump in shipments to key market China. However, raging COVID-19 infections in the world's most populous nation have raised doubts of a recovery in the near term.
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