date:Dec 17, 2018
in, chief executive of United Malacca Berhad, adding that high stocks and low prices could persist throughout 2019.
The combined stocks of Malaysia and Indonesia are high, with higher output coming from Indonesia. Unless exports improve, stocks are going to be high.
With palms benchmark contract currently trading near three-year lows, some Malaysian smallholders have stopped harvesting activities and mills refuse to buy their fruit.
Millers said late harvests have impacted fruit quality and d