Palm oil stockpiles in Malaysia to hit nine-month low as exports soar

Inventories shrank about 18% from a month earlier to 1.75 million tonnes, according to the median of 10 estimates in a Bloomberg survey.

KUALA LUMPUR: Palm oil stockpiles in Malaysia likely plunged the most in more than two years in March, dropping below the two million-tonne level, as exports jumped and production in the second-biggest grower in the world continued to weaken.

Inventories shrank about 18% from a month earlier to 1.75 million tonnes, according to the median of 10 estimates in a Bloomberg survey of analysts, traders and plantation executives.