Malaysian palm oil futures have been trading around MYR 4,300 per ton in September, below a record high of MYR 4,560 per ton in August, amid prospects of growing supply from the two world’s largest producers Indonesia and Malaysia. Malaysia’s end-August palm oil stocks surged 25% to 1.87 million tons, its highest in 14 months, according to Malaysian Palm Oil Board data. Production rose 11.8%, while exports plunged 17%, the MPOB said.
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