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Palm Oil Reserves in Malaysia Seen Holding Near Highest Ever

Palm oil stockpiles in Malaysia, the world’s biggest producer after Indonesia, probably held near a record last month as production exceeded exports, according to a Bloomberg survey.

Inventories were 2.5 million metric tons compared to 2.51 million tons in October, according to the median of estimates from four analysts and two plantation companies. Output probably fell 5.7 percent to 1.83 million tons, while exports gained 1.7 percent to 1.79 million tons, the survey showed. The Malaysian Palm Oil Board is scheduled to release official data on Dec. 10.