date:Dec 11, 2018
Malaysias palm oil stockpiles at the end of November rose above 3 million tonnes as a steep decline in exports boosted reserves, official data showed on Monday.
Palm oil stocks last month rose 10.5 percent from October to 3.007 million tonnes, industry regulator the Malaysian Palm Oil Board (MPOB) said. The stockpiles are at the highest in at least 18 years, according to Refinitiv data going back that far MYPOMS-TPO.
Rising palm oil reserves could weigh on benchmark palm oil prices, which were