KUALA LUMPUR: Malaysia's end-April palm oil inventories slumped to their lowest in 11 months, after production and exports plunged more than anticipated, data from the nation's palm oil board showed on Wednesday.
Stockpiles in the world's second-largest producer shrank 10.54% from March to 1.5 million tonnes, down for a third month to the lowest since May 2022, according to the Malaysian Palm Oil Board (MPOB).
Already a subscriber? Log in
Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.
Cancel anytime. Ad-free. Unlimited access with perks.
