KUALA LUMPUR : Malaysia's palm oil inventories at the end of April are forecast to drop to their lowest level in 11 months as domestic use rises amid flat production, a Reuters survey showed on Friday.
Output in the world's second-largest producer is seen expanding 0.9 per cent to a three-month high of 1.3 million tonnes. Unfavourable price spreads between palm and soft oils would also limit exports in May and might lead to a build-up in stocks, said Nagaraj Meda, managing director at TransGraph Consulting.
"With Indonesia easing the domestic market obligation policy, prices of Indonesian palm olein are trading at a steep discount of $50-60 per tonne over Malaysia, which would limit exports from Malaysia," Meda said.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más: