Malaysia's end-May palm oil stocks seen down as exports hit 5-month high

  • 📰 staronline
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 75%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Exports were partly helped by Indonesia's three-week export ban, which prompted traders to turn to Malaysian palm oil.

The stockpile in the world's second-largest producer is pegged to shrink 6% from the month before to 1.54 million tonnes, according to the median estimate of 11 planters, traders and analysts polled by Reuters.

Exports are seen leaping 20% to 1.27 million tonnes, the highest in five months, partly helped by a three-week export ban in rival producer Indonesia which had prompted traders to turn to Malaysian palm oil.

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:

 /  🏆 4. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines