January palm oil stocks ease from highest on record


A file photo of a worker collecting palm oil fruit at a factory in Sepang, on Feb 18, 2014. – Reuters

KUALA LUMPUR: Malaysia’s palm oil inventories in January eased back from a near two-decade high at end-December as demand increased amid falling production, official data showed, although the stocks still hovered just above three million tonnes.

January stocks in Malaysia, the world’s second-largest palm oil producer and exporter, declined for the first time in eight months, falling 6.7% to 3.001 million tonnes, data from the Malaysian Palm Oil Board (MPOB) showed.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , palm oil , stocks , record , January , December , price ,

   

Next In Business News

CPO futures likely to see profit-taking next week Premium
Short position Premium
Tough times for IPOs Premium
Targeted ESG regulations needed to ensure intended outcomes Premium
Sustainable recovery down south Premium
External trade surpasses RM2 trillion in 2021 Premium
Bursa Malaysia posts RM355mil earnings in FY21 Premium
AirAsia changes name to Capital A to reflect new core strategy Premium
Affin Hwang sells stake in asset management unit Premium
Inta Bina wins RM161mil construction job Premium

Others Also Read


Vouchers