Malaysia end-June palm oil stocks hit 7-month high as exports drop

KUALA LUMPUR: Malaysia's palm oil inventories at end-June likely climbed to their highest levels in seven months, as exports plunged following top producer Indonesia's return to the export market, a Reuters survey showed on Tuesday.

Stockpiles in the world's second-largest producer are forecast to rise 12.3% from the prior month to 1.71 million tonnes, according to the median estimate of eight traders and analysts polled by Reuters.