From Brecorder · Reuters · · 40s
Malaysia Palm Oil Stocks Hit Record
Malaysia's palm oil stocks reach new peak as output surges.
In brief
Malaysia's palm oil stocks reach new peak as output surges. Malaysia's palm oil stocks hit a new record high in October due to record production levels exceeding export rebounds. Originally reported by Brecorder.
Malaysia Palm Oil Stocks
Malaysia's palm oil stocks reached a new peak in October after record output levels outpaced export rebounds.
Production Surges
Crude palm oil production gained 1.74% to 2.15 million tons, surpassing September's record high of 2.12 million tons.
Export Rebound
Palm oil exports surged 55.8% to 1.71 million tons, reaching their highest level in a year after two straight monthly declines.
The headline
Malaysia's palm oil stocks hit a new record high in October due to record production levels exceeding export rebounds.
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