Higher beginning stocks to thrust October end-month palm oil stocks to rise to over 40 months high | Oct stocks estimate

Malaysia’s October end-month stocks are widely expected to rise to just over 40 months high by an average of 2.503 million tons or 8.10% higher than the previous month mainly due to elevated beginning stock which was already sitting at 35 months high of 2.315 million tons. If the stock rise of 8.10% materializes, this would mark 15th successive month of year-on-year surplus bar May when stocks moved into a 3% deficit.

Meanwhile,…

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