KUALA LUMPUR: Malaysian palm oil stockpiles fell to a 10-month low at end-May, according to official data on Wednesday, extending monthly falls since March, as export gains outpaced an unexpected rise in production.
Benchmark palm oil prices have eased about 5% since the start of the year, weighed by concerns about high stocks and flat demand. Falling stockpiles could support palm prices, which were last up 0.1% at RM2,009 a tonne at the midday break yesterday.
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