Palm oil stocks down nearly half a percent in May

KUALA LUMPUR: Malaysia's total palm oil stocks eased 0.49 per cent month-on-month (m-o-m) to 2.03 million tonnes in May 2020 from 2.04 million tonnes recorded in April.

The Malaysian Palm Oil Board (MPOB) said on Wednesday crude palm oil (CPO) stock declined 4.60 per cent m-o-m in May to 996,730 tonnes versus April's 1.04 million tonnes.