Palm oil fruit bunches sit on the ground at a weighing station in Kampung Bukit Hijau before being delivered to the palm oil factory in Sungai Tengi, Kuala Kubu Bharu March 14, 2018. — Picture by Mukhriz Hazim
The board in its “Performance of the Malaysian Palm Oil Industry for the Month of July 2019” report today stated that crude palm oil stocks fell 0.72 per cent to 1.34 tonnes from 1.35 tonnes while processed palm oil stock decreased by 0.88 per cent to 1.055 million tonnes from 1.64 tonnes previously.Palm kernel output was higher by 15.60 per cent at 411,701 tonnes from 355,397 tonnes.
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Shouldn’t the Board be buying & stocking when prices are low Wtf..