Palm oil stockpile up to 1.83 million tonnes in June

MPOB said palm oil exports fell to 1.21 million tonnes in June versus 1.38 million tonnes in May. — Bloomberg

KUALA LUMPUR: Malaysia’s total palm oil stocks increased by 4.35% to 1.83 million tonnes in June 2024 from 1.75 million tonnes in May 2024, according to the Malaysian Palm Oil Board (MPOB).

In its June 2024 industry performance report, MPOB said the country’s crude palm oil (CPO) stocks fell to 925,165 tonnes in June from 979,019 tonnes recorded in May.