Business

High US dollar a blessing in disguise for palm oil exporters

By HANIM ADNAN
Higher inventory: MIDF Research predicts an even higher palm oil inventory of 2.75million tonnes this month. – AFP

THE alarming rise in palm oil stocks on the back of slow exports spells bad news for crude palm oil (CPO) prices for the rest of this year.

Since April, the local palm oil inventory has stayed above the 2-million tonne mark.

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Business , Palm oil , stockpile , Palm oil , Oil Palm

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