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Malaysia's June palm oil inventory falls to 11-month low

Typical higher output in second-half and weak demand cloud prospects of price gain

Malaysia's palm oil exports fell 19.4% to 1.38 million tons in June.    © Reuters

KUALA LUMPUR (Nikkei Markets) -- Malaysia's palm oil inventory shrank for the fourth straight month in June, falling to its lowest level in nearly a year as production fell.

However, potentially feeble demand in the months ahead post-Eid celebration and typically higher output in the second half of the year with a spike in October are likely to weigh on price of the commodity used in everything from snacks to cosmetics, analysts said.

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