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.
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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