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Malaysia Palm Oil Exports Jump 55.75% in October to 1.71 Million Tonnes, According to MPOB
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Malaysia’s palm oil exports rose 55.75% in October to 1.71 million tonnes, according to data from the Malaysian Palm Oil Board cited by First Squawk. The sharp month-on-month increase points to stronger external demand for the commodity, a key source of export revenue for Malaysia. Traders will watch whether the pace holds in November and whether higher shipments draw down domestic stockpiles.
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palm oil, Malaysia, MPOB