Energy Markets
Malaysian palm oil stock will drop as production slows, and exports increase
The industry regulator expects Malaysia's palm oils to decrease in the next few months. They will end the year with around 1.7m metric tons. This is due to a seasonal slowdown of production, which coincides in part with an increase in exports in order to meet the festive season demand. Expected drops in palm oil inventories could help support benchmark futures. These have been under pressure lately due to cheaper soyoil supplies. Ahmad Parveez Ghulam Kadir said that the Malaysian Palm Oil Board's (MPOB) director general, Ahmad Parveez Ghulam Kadir stated on Monday, "We expect exports to increase in the...