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.
Already a subscriber? Log in.
Subscribe now for a chance to win your dream holiday!
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!
