KUALA LUMPUR: Palm oil inventories in Malaysia, the world’s No. 2 producer of the commodity, jumped to their highest in over a year in July as stronger-than-forecast production outpaced export gains.
Stockpiles of the tropical oil climbed 16.8% to 1.78 million tonnes from June, according to data from industry regulator the Malaysian Palm Oil Board (MPOB) . That marked the first such rise in three months.
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