Malaysia end-May Palm Oil stocks fall 10.3% to 2.45 MT: MPOB
Commodity Online | June 12 2019
UPDATED 12:25:10 IST

Predictive Modeling Suggests US Markets 12% Over Valued

Ray Dalio Suggests USA Is Entering A Period Of Decline And New World Order

Critical Price Level Could Prompt A Big Move After The Holiday Weekend

Real Estate Showing Signs Of Collateral Damage- Part III

Gold, Silver, Miners Teater On The Brink Of A Breakout

Malaysia's palm oil stockpiles at the end of May dropped 10.3% from the previous month to 2.45 million tonnes, industry regulator the Malaysian Palm Oil Board (MPOB) said.

It was the third straight month of inventory declines and took stocks to their lowest levels since July 2018.

Palm oil production rose slightly in May by 1.3% on a month earlier to 1.67 million tonnes, taking production to its highest for the month of May in four years.

Exports rose for a third month in a row in May, up 3.5% from April to 1.71 million tonnes, the MPOB data showed.