Commodity News
SunSirs: Palm Oil Inventories will Experience their First Decline in Six Months
December 06 2023 10:40:01
The Malaysian Palm Oil Board (MPOB) will release a monthly supply and demand report on December 12th, which analysts expect to show the first decline in palm oil inventories since April at the end of November due to export growth and a seasonal decline in palm oil production.
Analysts predict on average that Malaysia's palm oil inventories will be 2.44 million tons by the end of November, slightly lower than the 2.449 million tons at the end of October, thus ending six months of inventory growth. The prediction range ranges from 2.31 million tons to 2.588 million tons.
If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.
Related Information
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- 2024-04-12 SunSirs: Good News, China Palm Oil is Expected to Rise
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