Malaysia end-April palm oil stocks shrink to 11-month low on plunging output

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).