KUALA LUMPUR (Nikkei Markets) -- Malaysia's palm oil inventory fell 4.1% in November to a three-month low as output fell more than exports, official data Tuesday showed.
Stockpile in Malaysia, the world's largest palm oil producer after Indonesia, totaled 2.26 million tons in November against 2.35 million tons in October, according to Malaysian Palm Oil Board. Exports slumped 14.6% to 1.40 million tons while production fell 14.4% to 1.54 million tons.
