Palm oil inventories in Malaysia fell to their lowest in 11 months at the end of June, the fourth month of declines, according to industry regulator data.
End-stocks in June fell 0.97% to 2.42 million tonnes from May, data from the Malaysian Palm Oil Board (MPOB) showed. That is the lowest since July 2018.
Palm oil production in Malaysia fell to 1.52 million tonnes in June, down 9.2% from May, and also the lowest since July last year. That brings Malaysia's production for the first half of the year to 9.79 million tonnes. This compares with output of 8.9 million tonnes in the first-half of 2018.
Exports in June fell for the first time in four months, down 19.35% from the previous month to 1.38 million tonnes, its lowest since February. Malaysia's June palm imports were 101,250 tonnes.