MPOB’s Sept Stockpile Hits 8-Month High From Weaker Domestic Consumption
Malaysian Palm Oil Board’s stockpile hit an 8-month high at above 2.0mt in end-Sep 2024 due to sharply weaker domestic consumption. Maybank Investment Bank said Malaysia’s CPO output may have peaked in the month of August, now all eyes are on Indonesia’s output in 4Q24. A strong recovery in Q4 (in Indonesia) will pressure CPO […]