END-AU­GUST PALM OIL STOCKS NEAR 6-YEAR LOW

The Sun (Malaysia) - - SUNBIZ -

KUALA LUMPUR: Malaysia’s palm oil end-stocks in Au­gust fell to their low­est level in nearly six years as a surge in ex­ports and lower-than-ex­pected pro­duc­tion growth shrunk in­ven­to­ries. In­ven­to­ries fell a more-than-ex­pected 17.3% from July to 1.46 mil­lion tonnes at end-Au­gust, Malaysian Palm Oil Board data showed yes­ter­day, the low­est since Jan­uary 2011 and the low­est stock­piles re­ported for Au­gust since 2009. This was also the largest month-on-month drop in stock­piles since early 2000. – Reuters

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