Malaysia's palm oil inventories rose at the end of June but at a slower than expected pace, as production declined and exports jumped, data by the nation's palm oil board showed on Monday.
Stockpiles at the world's second largest producer gained 1.9% from the month before to 1.72 million metric tons, hitting a four-month high, Malaysian Palm Oil Board (MPOB) data showed
That was much smaller than a Reuters' forecast of a 10.5% jump.
Crude palm oil output in June fell 4.6% to 1.45 million tons, MPOB data showed, surprising industry participants who had widely expected production to rise.
Exports rose 8.6% to 1.17 million tons, surpassing cargo surveyors estimates.
By: via Malaysian Palm Oil Council Russia
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