Malaysia end-January palm oil stocks hit 20-month low
Malaysia’s palm oil stocks fell 7.55% in January from December to 1.58 million metric tons, the lowest level since May 2023, data from the industry regulator showed on Monday.
Crude palm oil production was down 16.8% in January from December to 1.24 million tons, while palm oil exports fell 12.94% to 1.17 million tons, the Malaysian Palm Oil Board (MPOB) said.
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