PETALING JAYA: Malaysia's palm oil inventory finally eased to 1.93 million tonnes in April after staying above the 2 million-tonne threshold for the past 10 months, which had led to concerns that crude palm oil (CPO) prices would likely be dragged down further.
Palm oil stocks fell by 11.4% in April from 2.17 million tonnes in March, said the Malaysian Palm Oil Board (MPOB) in its latest monthly release.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!
