MPOB - Stocks rise at a slower pace after imports halved and production rise tempered. Exports to China reach record high | MPOB Oct Actual

Malaysia palm oil stocks rose to just over 3  years high to 2.403 million tons or up 3.74% but at a much slower pace than widely expected. Expectation was 7.50-9.30% rise. The slower rise was mainly attributed to a massive 50% reduction in imports and a sluggish rise in production weighed down by performance in the peninsular and the state of Sarawak.

Production rose by just 2.44% to 1.813 million tons, coming at low end of expectation but still holding 8th straight month of…