PETALING JAYA: Analysts expect the current low level of the domestic palm oil stockpile, which is below two million tonnes, will likely position crude palm oil (CPO) prices to stay on an uptrend in the next few months.
Local palm oil stockpiles fell for a fifth month in February to the lowest in 22 months as production declined, outweighing a reduction in exports, said the Malaysian Palm Oil Board (MPOB) on Monday.
