Malaysian palm stockpiles at 14-month low on exports

Bloomberg

Palm oil inventories in Malaysia likely slumped to a 14-month low in August as exports from the world’s second-largest grower jumped.
Stockpiles fell about 7 percent from a month earlier to 2.22 million metric tons, the biggest decline in three months and the lowest since June 2018, according to the median of
12 estimates in a Bloomberg survey of analysts, traders and plantation executives.
Exports advanced about 14 percent to 1.70 million tons, according to the survey, the biggest monthly increase since March. Crude palm oil production was flat at 1.74 million tons. The Malaysian Palm Oil Board will release official data on September 10.