CPO reserves likely at 4-month high on low demand

CPO production fell almost 6% to 1.6 million tonnes, after surging more than 13% in May. — Bloomberg

KUALA LUMPUR: Palm oil stockpiles in Malaysia probably hit the highest level since February as exports from the world’s second-largest grower slumped.

Reserves climbed 4% from a month earlier to 1.82 million tonnes in June, a third month of gains, according to the median of 13 estimates in a Bloomberg survey of plantation executives, traders and analysts.