KONTAN.CO.ID - KUALA LUMPUR. Malaysia's palm oil inventories rose at the end of June but at a much slower than expected pace, as production declined and exports jumped, data by the country's palm oil board showed on Monday. Stockpiles at the world's second largest producer gained 1.9% from the month before to 1.72 million metric tons, hitting a four-month high, Malaysian Palm Oil Board (MPOB) data showed. That was much smaller than a Reuters forecast of a 10.5% jump.
Malaysia End-June Palm Oil Stocks Rise Slower than Expected as Exports Jumps
KONTAN.CO.ID - KUALA LUMPUR. Malaysia's palm oil inventories rose at the end of June but at a much slower than expected pace, as production declined and exports jumped, data by the country's palm oil board showed on Monday. Stockpiles at the world's second largest producer gained 1.9% from the month before to 1.72 million metric tons, hitting a four-month high, Malaysian Palm Oil Board (MPOB) data showed. That was much smaller than a Reuters forecast of a 10.5% jump.