PETALING JAYA: Palm oil inventory in May is projected to rise to the highest level since October last year, given the anticipated improved output in the same month under review, says CGS-CIMB Research.
In its latest agribusiness report, CGS-CIMB has estimated that local palm oil inventory would grow by 12% month-on-month (m-o-m) to 2.28 million tonnes at the end of May.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!