ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Nikkei Markets

Malaysia October palm oil inventory swells to 10-month high

Weak global demand pushes stockpile higher for five months in row

Palm oil prices have declined more than 12% so far this year amid concerns over sluggish demand and rising supply.   © Reuters

KUALA LUMPUR (Nikkei Markets) -- Malaysia's October oil palm inventory swelled for the fifth straight month as production rose while exports fell, and the 10-month high stockpile reading dragged shares of palm plantation companies lower.

Stockpile in Malaysia, the world's second-largest palm oil producer after Indonesia, was 2.72 million tons in October, 7.5% higher than the 2.53 million tons surplus in September, according to Malaysian Palm Oil Board. Output rose 5.9% to 1.96 million tons month-on-month from 1.85 million tons.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more