Commodities Buzz: MPOB Estimates 6.4 percent Drop In Malaysias Palm Oil Stocks In April, 2018

As per the latest data compiled by Malaysian Palm Oil Board (MPOB), Malaysias palm oil stocks at end-April dropped 6.4 percent to 2.17 million tonnes compared with the previous month. The production in April declined by 1 percent to 1.56 million tonnes, while exports declined by 1.6 percent to 1.54 million tonnes.