News Formal

Malaysia end-April palm oil stocks at five-month high as exports plunge

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 66%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

KUALA LUMPUR :Malaysia's palm oil stocks at the end of April climbed to a five-month peak on improving production and a deeper-than-expected fall in exports, data from the industry regulator showed on Tuesday. Inventories in the world's second-largest producer rose 11.48 per cent from the previous month to 1

KUALA LUMPUR :Malaysia's palm oil stocks at the end of April climbed to a five-month peak on improving production and a deeper-than-expected fall in exports, data from the industry regulator showed on Tuesday.

Crude palm oil production expanded 3.6 per cent from March to 1.46 million tonnes, its highest since November.The plunge in exports reflected the impact of China's continuing COVID-19 restrictions in major cities, and lower shipments to Pakistan, Iran and Bangladesh, said Sathia Varqa, co-founder of Singapore-based Palm Oil Analytics.

"There is no clarity when Indonesia will lift its palm oil export ban and market is struggling to digest the lack of demand from the destination markets due to still higher palm oil prices for the nearby [contracts]," he added.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 6. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Malaysia end-April palm oil stocks rise for first time in 6 months-MPOBKUALA LUMPUR : Malaysia's April palm oil end-stocks rose 11.48 per cent from the previous month to 1.64 million tonnes, ending a five-month decline, data from industry regulator the Malaysian Palm Oil Board (MPOB) showed on Tuesday.Crude palm oil production expanded 3.6 per cent from March to 1.46 million
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »