The Palm Scribe

Malaysia’s CPO stockpiles to fall

Bisnis Indonesia, 6 June 2018

Malaysia’s CPO stockpiles are expected to decline in the next five consecutive months. Malaysia’s CPO inventories stood at 2.13 million tonnes in May 2018, or a 1.8% drop from April, according to the median estimates from nine farmers polled by “Bloomberg”. Malaysia’s CPO production dropped 3.8% (mom) and 9.1% (yoy) to 1.5 million tonnes. The country’s CPO export fell 12% to 1.35 million tonnes.

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