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Malaysia end-June palm oil stocks hit 7-month high as exports drop

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KUALA LUMPUR : Malaysia's palm oil inventories at end-June likely climbed to their highest levels in seven months, as exports plunged following top producer Indonesia's return to the export market, a Reuters survey showed on Tuesday.Stockpiles in the world's second-largest producer are forecast to rise 12

KUALA LUMPUR : Malaysia's palm oil inventories at end-June likely climbed to their highest levels in seven months, as exports plunged following top producer Indonesia's return to the export market, a Reuters survey showed on Tuesday.

Some millers temporarily halted production during the last week of June due to unprofitable pricing after a dramatic 22 per cent decline in the benchmark crude palm oil contract.

 

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