Palm oil stocks down to 14-month low


PETALING JAYA: Malaysia’s palm oil inventory fell to a 14-month low in April at 1.8 million tonnes, but crude palm oil (CPO) production rose to 1.3 million tonnes from a month earlier, said the Malaysian Palm Oil Board (MPOB).

Most analysts said the MPOB’s latest palm oil statistics released yesterday was within the industry concensus.

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