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Malaysia Nov palm oil stocks seen rising to near 2-year high

Mimi Sabreena 4:06:00 PM Informasi

KUALA LUMPUR (Dec 6): Palm oil inventories in Malaysia are forecast to rise to the highest in nearly two years at end-November, as a fall in exports outpaces a decline in production, a Reuters poll showed.

Stockpiles are expected to swell 11.4% to 2.44 million tonnes from end-October, which would be the highest level since December 2015 and mark a fifth consecutive month of gains, according to a median of nine planters, traders and analysts polled by Reuters.

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