Malaysia: Palm oil stocks at the end of June decrease by 1.9%

11 Jul, 2017
Malaysia: Palm oil stocks at the end of June decrease by 1.9%
Malaysia: Palm oil stocks at the end of June decrease by 1.9% compared to to the end of May, down to 1.53 million tonnes.

This is due to the reduced production during the holidays in the country.

Due to workers’ holidays, production declined by 8.5% to 1.51 million tonnes.

Decrease in stocks has already caused a 4.7% rise in palm oil prices, and is expected the trend to remain.

Traders predict production growth in July by 10-15% and hence stocks growth.