Malaysia's end-June palm oil stocks seen at four-month high on slow exports

KUALA LUMPUR: Malaysia's palm oil inventories likely stood at 1.86 million metric tons by the end of June, rising by about 10.5% higher from a month earlier to stand at a four-month high amid sluggish exports, a Reuters survey showed on Tuesday.

The median estimate for inventories from 10 traders and analysts polled by Reuters was 12% higher than the 1.65 million metric tons recorded in June 2022.