Malaysia's end-July palm oil stocks rise to five-month high

KUALA LUMPUR: Malaysia's end-July palm oil inventories rose to a five-month peak on higher production, data from the country's palm oil board showed on Thursday, but missed expectations as exports grew at a faster pace.

Stockpiles in the world's second-largest producer gained 0.68% from the month before to 1.73 million metric tons, rising for a third consecutive month, according to the Malaysian Palm Oil Board.