Palm stocks to ease in 2014 and 2015 as demand picks up

  • Business Premium
  • Saturday, 01 Nov 2014

KUALA LUMPUR: Malaysian palm oil stocks could drop 14% by the end of 2014 from 2.09 million tonnes at the end of last month, a senior official of the Malaysian Palm Oil Board (MPOB) said, as export demand and domestic food and fuel needs pick up.

Inventories were seen drawing down to 1.8 million tonnes by the end of the year, and were likely to end 2015 at 1.7 million tonnes, Ramli Abdullah, the head of the MPOB’s economic unit, told an industry meeting in Kuala Lumpur on Friday.

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