Malaysia Palm Oil Stocks Expected to Ease in October, Analyst Says
Public Investment Bank analyst Chong Hoe Leong expects inventories to ease on recovering exports and stronger domestic consumption ahead of Diwali. September stocks rose as production reached a record 2.1 million tons.
Malaysia’s palm oil inventories are expected to decline in October, as exports are forecast to recover and domestic consumption strengthens ahead of Diwali, Public Investment Bank analyst Chong Hoe Leong says in a note. 1 million tons while…