MPOB MAY—LARGE DROP IN IMPORTS HELP TO BLUNT THE RISE IN STOCKS WHILE PRODUCTION & EXPORTS PERFORM STRONGLY | Copy of headline news 1

A large drop in imports by 40% to 20,761 tonnes, the lowest monthly volume in over six years helped to blunt the rise in end-month stocks. Stocks rose by just 0.50% to 1.754 million tonnes, increasing for the second month. Production rose more than expected notching a 13.48% increase to 1.704 million tonnes, up for the third month straight. Expectation was a 10-12% increase. Exports escalated by 11.66% to 1.378 million tonnes, against an estimated 14-22% increase.