Commodity News
SunSirs: Palm Oil Inventories in Malaysia Reach a Six-month High by the End of August
September 06 2024 09:43:17 SunSirs (Selena)
The Malaysian Palm Oil Board (MPOB) will release monthly supply and demand data next Tuesday (September 10th). A survey shows that analysts expect Malaysian palm oil inventories to reach their highest point in six months in August due to weak exports.
A survey involving 14 traders, plantation owners, and analysts showed that Malaysian palm oil inventories may reach 1.86 million tons by the end of August, an increase of 7.31% from the end of July.
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