PETALING JAYA: Malaysia’s palm oil stocks rose 12% month-on-month (m-o-m) and 28% year-on-year (y-o-y) in August on the back of weak exports, despite lower CPO production during the month.
Exports fell 8% m-o-m and 26% y-o-y to 1.1 million tonnes last month, representing the lowest monthly palm oil exports for the year-to-date, and the lowest for the month of August since 2002.
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