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.
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