Malaysia's end-November palm oil stocks fall for the first time in six months

KUALA LUMPUR (Dec 13): Malaysia's palm oil stocks at the end of November fell for the first time in six months as production slumped amid a slight pick-up in exports, data from the nation's palm oil board showed on Tuesday (Dec 13). Stockpiles in the world's second-largest producer eased 4.98% from a three-year high in October to 2.29 million tonnes, according to the Malaysian Palm Oil Board (MPOB). This was lower than a Reuters' poll estimating stockpiles would be at 2.39 million tonnes. Crude palm oil production, hampered by heavy rains and flooding in the Southeast Asian nation, shrank ...