date:Mar 08, 2019
Malaysias palm oil stockpiles at end-February are expected to show a 1.7 percent drop from the previous months 3 million tonne level, according to a Reuters survey, in keeping with a typical seasonal decline in production.
Inventories in Malaysia, the worlds second-largest producer of the edible oil, are expected to have slipped to 2.95 million tonnes, based on the median estimate of eight planters, traders and analysts polled by Reuters.
Falling stockpiles will support benchmark palm oil pric