Malaysia’s December palm oil stocks fell to 28 month low

January 15, 2020 |

In Malaysia, the Malaysia Reserve reports that the national palm oil inventory fell to the lowest seen in 28 months in December to just 2 million metric tons, down 11% from November’s 2.26 million tons compared to the market’s expectations of an 8%-9% drop, and a sharp drop from 3.2 million tons in December 2018. December production fell more than 13% from November while exports of palm oil were flat and biodiesel exports reached the highest seen since March at 44,904 tons.

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Category: Fuels

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