Malaysia end-Dec palm oil stocks smaller than expected as output plummets

KUALA LUMPUR: Malaysia's palm oil stocks at the end of December fell steeper than expected as production nosedived to its lowest in nine months, data from the nation's palm oil board showed on Monday, further tightening inventories for 2022.

Stockpile at the world's second-largest producer fell 12.88% from November to 1.58 million tonnes, its smallest since July, according to the Malaysian Palm Oil Board (MPOB).