Palm oil stockpiles slumping, inventory at 5-month low

Mistry: ‘I am personally against such export duties because it can kill the market.’

KUALA LUMPUR: Palm oil inventories in Malaysia probably declined to the lowest since August as production in the world’s second-largest grower dropped the most in a year and exports increased.

Stockpiles slumped 11% in January from a month earlier to 1.49 million metric tonnes, according to the median estimate of seven planters, traders and analysts surveyed by Bloomberg.