Malaysia Palm Reserves Seen at Six-Year High as Exports Slump

Palm oil stockpiles in Malaysia surged to the highest in more than six years as exports dropped in November, according to a survey.

Inventories jumped 10% from a month earlier to 2.71 million tons, the median of 11 estimates in a poll of plantation executives, traders and analysts. That’s the highest level since April 2019 and an increase of 47% from a year ago.