KUALA LUMPUR: Malaysia's palm oil inventories likely tumbled in December to their lowest in more than 13 years, as production of the edible oil fell for a third consecutive month while exports jumped, a Reuters survey showed.
Stockpiles in the world's second-largest producer were forecast to have declined 22% from the month before to 1.22 million tonnes, the smallest since June 2007, according to a median estimate of eight planters, traders and analysts polled by Reuters.
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