Ahmad Parveez: We want the whole supply chain to work together and follow best practices for the industry. — Bernama
KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB) expects the country’s palm oil stocks to finish the year at 2.1 million tonnes or at least remain at the current level of 2.25 million tonnes on continued demand for the edible oil amid a lower-than-expected production.
The industry regulator has achieved its initial target made earlier this year of reducing Malaysia’s mounting palm oil stocks to 2.5 million tonnes this year from 3.2 million tonnes recorded in December 2018 – its highest level in 20 years.
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