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SunSirs: MOPB Report Shows Palm Oil Inventory was 1.88 Million Tons at the End of October

November 13 2024 11:21:46     SunSirs (Selena)

The monthly data released by the Malaysian Palm Oil Board (MPOB) shows that palm oil inventories in Malaysia decreased at the end of October and were lower than market expectations, which may provide some support for palm oil prices.

At the end of October 2024, the palm oil inventory in Malaysia was 1.885 million tons, a decrease of 6.32% compared to the previous month.

 

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