Malaysia end-October palm oil stocks snaps rising streak, first decline since July

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KUALA LUMPUR: Malaysia's palm oil stocks at the end of October fell 6.32% from the previous month to 1.88 million metric tons, the first decline in inventory in three months, data from the industry regulator showed on Monday.

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A Reuters survey had forecast inventories at 1.92 million tons, with output seen at 1.76 million tons and exports at 1.63 million tons.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Crude palm oil CPO /Business/Business News Palm oil Commodities MPOB

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 13:40:00 (6 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 118 words

Reading Time: 1 minutes read

Sentences: 4 lines

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Copyright Owner: © The Star

News ID: 23509216

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Official Website: thestar.com.my

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