Output in the world’s second-largest producer likely jumped 8.9% from March to 1.55 million tonnes, marking a second straight month of gain and hitting its highest since October.
PETALING JAYA: Malaysia’s palm oil stockpile in April likely inched lower despite production rising to a six-month high, hampered by robust exports and plummeting imports, a Reuters survey showed yesterday.
Inventories were seen declining 0.27% from the month before to 1.44 million tonnes, according to the median estimate of seven planters, traders and analysts polled by Reuters.
Output in the world’s second-largest producer likely jumped 8.9% from March to 1.55 million tonnes, marking a second straight month of gain and hitting its highest since October.
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