date:Nov 06, 2018
ckpiles could put further pressure on benchmark palm oil prices, which hit a three-year low last week. Palm was last trading down 0.7% at RM2,139 (US$513.32) a tonne at the midday break on Monday.
The high inventory levels are attributed to the lack of demand from major buyers, said a researcher at a Malaysian plantations company, referring to India, the worlds largest palm oil buyer, and China.
Survey respondents expected exports to fall 13% to 1.41 million tonnes in October due to competitio