A post by @FirstSquawk on X.
Malaysia Palm Oil Inventories Increase 3.15% in October to 3.62 Million Tonnes, According to MPOB
@FirstSquawk on X
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Malaysia’s palm oil inventories rose 3.15% in October to 3.62 million tonnes, according to data from the Malaysian Palm Oil Board (MPOB). The increase puts stockpiles at a multi-month high and signals ample near-term supply in the world’s second-largest palm oil producer. The build matters for edible-oil markets because higher Malaysian stocks can weigh on benchmark crude palm oil futures and pressure prices across competing vegetable oils. Traders will watch upcoming export and production figures for signs of whether demand can absorb the added supply or whether inventories continue to climb.
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Named in this story
palm oil, Malaysia, MPOB