News Formal

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

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 66%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Philippines June inflation at 6.1% year-on-year, tops market forecastsMANILA: Philippine annual inflation surged to 6.1 per cent in June, pulling away from the official 2 per cent to 4 per cent target band, due mainly to higher energy costs and prices of some food items, the statistics agency said on Tuesday (Jul 5). The headline figure exceeded the 5.9 per cent median forec
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »