Malaysian palm oil exports fall and push up stocks as Indonesia returns to the market

July 5, 2022 |

In Malaysia, the Star newspaper reports palm oil exports fell again in June which in turn pushed stocks level to the highest seen in seven months to around 1.71 million metric tons, up 12.3% from the end of May. While exports fell, production rose more than 8% to 1.53 million tons, creating the excess stock levels. Indonesia recently returned to the market after the Russian invasion of Ukraine provoked the Asian country to temporarily ban palm oil exports following concerns about food security risks.

Category: Fuels

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