Palm oil stocks to breach 2 million tonnes


Malaysian palm oil futures fell to a two-week low in late trade on Tuesday, dropping nearly 1 percent as the market was weighed down by expectations of rising production.

PETALING JAYA: Palm oil stockpiles are expected to breach the two-million tonne psychological level this month after steadily rising over the past four months.

Inventories of palm oil climbed 8.8% month-on-month to close at 1.94 million tonnes in August, the highest level since March 2016.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , agribusiness palm oil , stocks , iventories ,

   

Next In Business News

Bitcoin marches towards US$100,000 on optimism over Trump crypto plans
Sunway Construction’s net profit rises to RM46.47mil in 3Q24
Mega First’s net profit rises to RM116.64mil in 3Q
Fajarbaru net profit triples to RM8.42mil in 1Q25
Globetronics Partners with Taiwan's ChipMOS for Integrated Circuit Services
Hap Seng 3Q24 net profit soars nearly fourfold to RM193.11mil
Ringgit rises against US dollar for third consecutive day
KTI Landmark records RM230mil in sales, surpassing 2023 figures
MSM Malaysia’s 3Q net loss widens to RM49.7mil on forex loss
UEM Sunrise on track to hit RM1bil sales target

Others Also Read