Palm oil stocks to breach 2 million tonnes


Malaysian palm oil futures fell to a two-week low in late trade on Tuesday, dropping nearly 1 percent as the market was weighed down by expectations of rising production.

PETALING JAYA: Palm oil stockpiles are expected to breach the two-million tonne psychological level this month after steadily rising over the past four months.

Inventories of palm oil climbed 8.8% month-on-month to close at 1.94 million tonnes in August, the highest level since March 2016.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , agribusiness palm oil , stocks , iventories ,

   

Next In Business News

Paragon Globe proposes to sell Johor land for RM238.32mil
Axiata, Sinar Mas seek permission for Indonesia telco merger, minister says
Independent auditor raises going concerns about Pharmaniaga
Ringgit ends lower on firmer US dollar index
Artroniq sells Penang property for RM1.8mil
Digital banks will not affect traditional banks in Malaysia
Dufu sees rise in global semiconductor sales and memory sector
MICCI, Penang work together to boost competitiveness in semiconductors, ports, trade
VSTECS appointed as the first Amazon Web Services distributor in Malaysia
Apple’s China iPhone shipments soar 12% in March after discounts

Others Also Read