Rising stockpiles: Workers stand near palm oil fruits at a palm oil factory in Sepang. According to a survey, Malaysia’s palm oil stockpiles rose 0.6 in May from a month earlier to 1.61 million tonnes. — Reuters
KUALA LUMPUR: Malaysia’s monthly palm oil inventories probably rose to the highest level since December as production in the world’s second-largest grower reached a seven-month high.
Stockpiles rose 0.6% in May from a month earlier to 1.61 million tonnes, according to the median estimate of eight planters, traders and analysts surveyed by Bloomberg.
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