PETALING JAYA: Palm oil stockpiles in Malaysia likely expanded for a seventh straight month to the highest level since April 2019 as production in the world’s second-biggest grower outstripped its exports of the tropical oil.
Inventories rose about 1.2% in November from a month earlier to 2.48 million tonnes, according to the median of 11 estimates in a Bloomberg survey of traders, analysts and plantation executives.
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