Friday, 08 September 2017
Palm oil stocks in Malaysia increased
In Malaysia, analysts predict an increase in ending stocks of palm oil to 2 million tons because of the high level of production of oil palm
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It is specified that at the end of August this year, the volume of carryover stocks amounted to 1.9 million tons, which is 6.5% higher than July and is the highest indicator since March, 2016.
The growth of palm oil exports in August by 1.6% to 1,42 million tons. According to experts, the high competitiveness of palm oil versus other edible oils is supported by the active demand for products from India and China.
Photo: braciamiancora.com
Translated by service "Yandex.Translation"
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