KUALA LUMPUR : Malaysia's palm oil stocks at end-June rose to their highest in seven months as its exports were throttled by rival Indonesia's policies to boost its own shipments, industry regulator data showed on Tuesday.
Crude palm oil production climbed 5.76 per cent from May to 1.55 million tonnes, also at a seven-month peak. Exports plunged 13.26 per cent to 1.19 million tonnes after Indonesia reversed a short-lived export ban in May and instead imposed a string of rules to encourage overseas shipments.
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