KUALA LUMPUR : Malaysia's palm oil inventories at end-September likely swelled to their biggest in nearly three years amid peak production season, a Reuters survey showed on Wednesday.
Output in the world's second-largest producer rose for a fourth consecutive month. It grew 2 per cent to 1.76 million tonnes. India's imports of palm oil jumped in September to their highest in a year, boosted by strong demand for the tropical oil ahead of the festival season and a steep discount compared to rival oils.
Investors will watch for any announcement on an easing of China's zero-COVID policy during its ruling Communist Party's national congress beginning Oct. 16, a Kuala Lumpur-based analyst said.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »