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Malaysia's October palm oil stocks hit new peak as output surges
KUALA LUMPUR: Malaysia’s palm oil stocks reached a new peak in October, after another record month of output more than offset the rebound in exports, data from the industry regulator showed on Tuesday. Palm oil inventories reached 3.62 million metric tons, 3.15% higher than the previous record of 3.51 million tons in Septemberandrising for a seventh consecutive month, the Malaysian Palm Oil Board said. Crude palm oil production gained 1.74% to 2.15 million tons, surpassing September’s record high of 2.12 million tons, a fifth consecutive monthly increase, the data showed. Palm oil exports, me...
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