KUALA LUMPUR: Palm oil stocks likely fell to a six-month low by end-April, according to a Reuters survey, recording a second straight month of declines as a slight gain in exports outpaced a dip in production.
“This year’s April production will be near last year’s April level,” said Phang Loy Fatt, an official with the marketing division of Kuala Lumpur Kepong Bhd. Poll respondents also said April exports likely rose 1.6% from the previous month to 1.64 million tonnes, which would be a second month of gains.
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