CPO stockpiles to swell to three-year high as production increases

KUALA LUMPUR: Crude palm oil (CPO) stockpiles in Malaysia are likely to continue to swell to a three-year high as production in the world’s second-biggest grower increased, said CGS-CIMB Futures Sdn Bhd.

It said the surge comes as Malaysia's ramped up production and exports faced pressure from top producer Indonesia, which has been accelerating shipments to reduce its own stockpiles.