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SunSirs: Malaysia Palm oil Inventories may Rise to an Eight-month High by the End of September, 2024

October 09 2024 11:11:54     SunSirs (Selena)

The Malaysian Palm Oil Board (MPOB) will release monthly data on October 10th. A survey shows that due to weakened export demand, Malaysia's palm oil inventories are expected to reach their highest level in eight months at the end of September.

Analysts expect Malaysia's palm oil inventory to reach 1.95 million tons in September, a month on month increase of 3.55%, which will be the second consecutive month of inventory growth.

 

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