Malaysian palm oil stocks by end-2020 seen falling to below 2 million tons thanks to B20

In Malaysia, Reuters reports that the country expects palm oil stocks to total 2.1 million metric tons by year’s end, or at worst 2.5 million tons, compared to 2.3 million tons at the end of December 2018 that was a record high. With the implementation of the B20 blending mandate next year, stocks are expected to fall by the end of 2020 to between 1.5 million and 2 million tons which will in turn help to support palm oil prices.