KUALA LUMPUR (Nikkei Markets) -- Malaysia's palm oil inventory slipped to a five-month low in March, falling 4.6% from the previous month as exports grew faster than output, official data released Wednesday showed.
Stockpile in Malaysia, the world's largest palm oil producer after Indonesia, totaled 2.92 million tons in March, compared with 3.06 million tons in February, according to the Malaysian Palm Oil Board. Exports surged 22.4% to 1.62 million tons, while output climbed 8.3% on-month to 1.67 million tons.
