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.
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