Commodities Buzz: MPOB Reports 6% Decline In Malaysian Palm Oil Stocks

As per the latest data compiled by Malaysian Palm Oil Boards (MPOB), Malaysias palm oil stockpile decreased by 6.24% to 2.32 million tonnes in March 2018, from 2.48 million tonnes in the preceding month,.

MPOB said CPO production increased 17.21% to 1.57 million tonnes, from 1.34 million tonnes. MPOB said palm oil exports rose 19.2% to 1.57 million tonnes, from 1.31 million tonnes.