Malaysia's Palm Oil Stocks Hit 3-Month High in May Despite Export Boost

CPO - KUALA LUMPUR. Malaysia's palm oil stocks rose marginally to a three-month high in May, as strong exports were offset by a rebound in production, the industry regulator said on Monday. 

Malaysia's palm oil stocks rose 0.5% from the previous month to 1.75 million metric tons, the highest since February, the Malaysian Palm Oil Board (MPOB) said. The data from the world's second-largest palm oil producer after Indonesia could potentially weigh on benchmark futures. Prices were down about 0.6% by the midday trading break.