End-June palm oil stocks forecast at four-month high

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

PETALING JAYA: Malaysia’s palm oil inventories likely stood at 1.86 million tonnes 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 shows.

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