Malaysia end-Aug palm oil stocks hit 2 mil tonne for first time in 2 years

KUALA LUMPUR: Malaysia's palm oil inventories at end-August likely swelled above 2 million tonnes for the first time in more than two years, lifted by a jump in production, a Reuters survey showed on Monday.

Stockpiles jumped 14.5% from the month before to 2.03 million tonnes, the highest since April 2020, according to the median estimate of nine traders and analysts polled by Reuters.