Palm Oil Stockpiles in Indonesia Seen Rising as Exports Drop

Palm oil inventories in Indonesia will probably rise to almost 90 percent of capacity as exports from the largest grower drop after Malaysia set its tariff at zero and as China imposed more stringent rules on shipments.

Stockpiles may gain to 3.5 million metric tons in January from 3.25 million tons in December, according to the median of estimates from two plantation companies, a refiner and an analyst compiled by Bloomberg. Shipments may decline 0.6 percent to 1.54 million tons, while production is seen stable at 2.5 million tons, the medians of estimates from the same four respondents and a third plantation company showed.