Malaysia end-Dec palm oil stocks seen hitting over 13-year low as output falls

KUALA LUMPUR: Malaysia's palm oil inventories likely tumbled in December to their lowest in more than 13 years, as production of the edible oil fell for a third consecutive month while exports jumped, a Reuters survey showed.

Stockpiles in the world's second-largest producer were forecast to have declined 22% from the month before to 1.22 million tonnes, the smallest since June 2007, according to a median estimate of eight planters, traders and analysts polled by Reuters.