Still climbing: August exports had risen 6.43 from July to 1.49 million tonnes, beating analyst expectations of 1.42 million tonnes.
KUALA LUMPUR: Malaysian palm oil stockpiles climbed again in August, but did not breach the two-million-tonne mark due to stronger-than-expected exports of the commodity, used to churn out products ranging from chocolate to shampoo.
Inventories of the tropical oil rose 8.79% from July to 1.94 million tonnes, data from industry regulator the Malaysian Palm Oil Board (MPOB) showed yesterday, the highest level since February 2016.
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