KUALA LUMPUR: Malaysia’s palm oil stocks at the end of March dropped to their lowest in 10 months as a jump in exports offset a rebound in production, the industry regulator says.
Malaysia’s palm oil stocks at the end of March fell 10.68% from the previous month to 1.71 million tonnes, their lowest since May, data from the Malaysian Palm Oil Board showed. A Reuters survey forecast March inventories at 1.79 million tonnes, a 6.65% decline from the previous month, with output at 1.38 million tonnes and exports at 1.23 million tonnes.
The CPO stocks at the end of March fell to 797,974 tonnes, the lowest since March 2022, the MPOB data showed.
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