Malaysia Palm Oil inventory dips as output falls more than exports
Commodity Online | December 10 2019
UPDATED 16:58:29 IST

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Malaysia's palm oil inventory fell 4.1% in November to a three-month low as output fell more than exports, industry regulator the Malaysian Palm Oil Board (MPOB) said.

Stockpile in Malaysia, the world's largest palm oil producer after Indonesia, totaled 2.26 million tons in November against 2.35 million tons in October, according to Malaysian Palm Oil Board.

November palm oil output fell 14.4% to 1.5 million tonnes, compared with the previous month, while exports declined 14.6% to 1.4 million tonnes, the MPOB data showed.