Malaysia September Palm Oil Stocks Rise 24.54% to 3.51 Million Tons
MPOB data showed crude palm oil production rose 16.48% from August to 2.12 million tons, while exports fell 12.13% to 1.12 million tons.
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04:47:45 AM UTC
SquawkNews
Malaysia's palm oil stocks hit a record high in September, surpassing the previous peak set in December 2018, as strong production growth outpaced weak export demand, data from the industry regulator showed on Monday.Inventories surged 24.54% from the previous month to 3.51 million metric tons, a s…
51 million metric tons in September, according to data released by the industry regulator on Monday. 12 million tons. 12 million tons.