MPOB July data showed strong bullish data confirming market sentiment of tight supply after stocks plunged 7.30% to 1.496 million tons from the previous month snapping 4 successive months of rising higher. While production fell within market expectation, exports defied estimate data to decline by just 0.75%. The estimate was a fall between 4.20 to 7.71%. Higher exports to the E.U offset…

Production fell at the low end of market expectation shedding…Production is expected to do…in August…

 

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