Monday, 05 Jul 2021 01:41 PM MYT
Based on a survey by the CGS-CIMB futures team, the country produced 1.6 million tonnes of crude palm oil (CPO) in June, up two per cent m-o-m which was stronger than the 10-year historical trend of a 0.3 per cent m-o-m contraction in output. — Picture by Shafwan Zaidon
Follow us on Instagram and subscribe to our Telegram channel for the latest updates.
KUALA LUMPUR, July 5 — Malaysia’s palm oil inventory is estimated to grow by three per cent month-on-month (m-o-m) to 1.61 million tonnes at end-June 2021 as lower local usage was offset by higher exports, according to CGS-CIMB Securities Sdn Bhd.