Malaysia's palm oil stocks up 12.6% in May

KUALA LUMPUR: Malaysia's total palm oil stocks increased 12.6 per cent to 1.69 million tonnes in May 2023 from 1.50 million tonnes in the preceding month.

The Malaysian Palm Oil Board (MPOB), in its latest industry performance report, said crude palm oil (CPO) inventory grew by 10.7 per cent to 921,800 tonnes last month from 832,966 tonnes in April.