Malaysia June-end palm oil stocks seen down 4.9pct as exports hit 10-month high

June-end stocks in the world's second-largest producer were seen at 1.94 million tonnes, according to the median estimate of nine planters, traders and analysts polled by Reuters.

KUALA LUMPUR: Malaysia's palm oil inventories in June likely fell about 5% from May as a recovery in demand from key importers due to the easing of coronavirus-fuelled curbs lifted exports to a 10-month high.

June-end stocks in the world's second-largest producer were seen at 1.94 million tonnes, according to the median estimate of nine planters, traders and analysts polled by Reuters.