December palm oil stocks slip to four-month low

Inventories in the world’s second-largest exporter fell 4.09% to a four-month low of 2.19 million tonnes, MPOB data showed. — Reuters

KUALA LUMPUR: Malaysia’s December palm oil end-stocks fell to the lowest since August as widespread flooding hit production during the year-end monsoon season, Malaysian Palm Oil Board (MPOB) data showed yesterday.

Inventories in the world’s second-largest exporter fell 4.09% to a four-month low of 2.19 million tonnes, MPOB data showed.