Malaysian palm oil stocks slip 21% as exports soar 31% in March

In Malaysia, Bernama news agency reports that Malaysian Palm Oil Board data shows the country’s palm oil stocks shrank by a whopping 21% in March to 1.67 million metric tons while crude palm oil stocks fell even further, by 23% to under 900,000 tons. Stocks fell sharply due to a more than 31% increase in exports. Production rose 2% but it wasn’t nearly enough to offset the increase in exports that reached 1.49 million tons.