Malaysia palm oil stocks up 19.4% m/m in April as production rebounds
Malaysia’s palm oil stocks increased for a second consecutive month in April, rising 19.4% from March to 1.87 million metric tons on a robust recovery in production, data from the industry regulator showed on Tuesday.
Crude palm oil production was up 21.5% in April from March to 1.69 million tons, the second straight monthly increase and the highest level since November last year.
Palm oil exports also rose for a second straight month, increasing by 9.6% to 1.1 million tons, the Malaysian Palm Oil Board (MPOB) said.
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