Fitch expects the price of CPO to weaken to around US$750 per tonne in the final quarter of 2023.
KUALA LUMPUR: Palm oil stockpiles hit an 11-month high at the end of September, according to data from the Malaysian Palm Oil Board (MPOB), raising concerns about demand for the commodity.
Inventories rose 9.6% from August to 2.31 million tonnes, the fifth consecutive month of increases at the world’s second-largest palm oil producer.
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