Malaysia's palm oil stocks fell 6.32%, exports surged 11.07%, amid global market shifts.

Malaysia's palm oil stocks dropped 6.32% to 1.88 million tons in October, with production falling 1.35% to 1.8 million tons. Exports surged 11.07% to 1.73 million tons, and imports rose 198.19% to 16,347 tons. The changes reflect shifts in the global palm oil market, influenced by demand and supply dynamics. Meanwhile, Indonesia aims to become the world's largest palm oil producer by 2025.

November 10, 2024
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