Palm oil stock likely grew 2.8% at end-March
Malaysia’s palm oil inventory grew 2.8% month-on-month (m-o-m) to 1.56 million tonnes at end-March due to higher output, estimates CGS-CIMB Research. The research house said the likely m-o-m rise in stock level was a divergent compared to historical trends in Malaysia’s March palm oil stock movements. “Our forecast for the March 2022 forecast palm oil…
