July stockpiles in the world’s second-largest producer were estimated at 1.67 million tonnes, its lowest since June 2017, according to the median estimate of 11 planters, traders and analysts polled by Reuters.
KUALA LUMPUR: Malaysia’s palm oil inventories at end-July likely plunged 11.94% from June to three-year lows, as production slumped due to a worsening labour shortage amid the coronavirus outbreak.
July stockpiles in the world’s second-largest producer were estimated at 1.67 million tonnes, its lowest since June 2017, according to the median estimate of 11 planters, traders and analysts polled by Reuters.
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