Palm oil stock in Malaysia rose 7% month-on-month (m-o-m) and 19% year-on-year (y-o-y) to an eight-month high of 1.77 million tonnes in July on higher production and lower domestic use.
PETALING JAYA: Crude palm oil (CPO) stocks are set to increase further in August as the domestic production cycle peaks but comes at a time when demand seasonally lacks catalysts.
Palm oil stock in Malaysia rose 7% month-on-month (m-o-m) and 19% year-on-year (y-o-y) to an eight-month high of 1.77 million tonnes in July on higher production and lower domestic use.
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