Commodity News
SunSirs: Malaysia's Palm Oil Inventory Increased for the Third Consecutive Month in June
July 11 2024 11:00:33 SunSirs (Selena)
Industry insiders expect Malaysian palm oil inventories to grow for the third consecutive month in June, as the decline in exports may offset the impact of reduced production. According to the survey, the estimated palm oil inventory at the end of June was 1.83 million tons, an increase of 4.5% compared to the previous month; The expected production in June is 1.62 million tons, a decrease of 4.7% compared to the previous month, which will also be the first decline in production in four months.
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