KUALA LUMPUR: Malaysia's palm oil stockpiles hit a four-month low at July end, falling below expectations, as production and imports shrank, according to data released by the country's palm oil board on Wednesday. Reuters survey had forecast inventories to rise 1.6% to 1.64 million tonnes. Tighter inventories are expected to support Malaysia's benchmark palm oil contract, which is trading near record highs hit in May. "The report is bullish for the palm oil market as Malaysia's 2021 palm oil production is expected to continue to be in trouble," said Anilkumar Bagani, research head of Mumbai-based vegetable oils broker Sunvin Group. - ReutersArticle type: metered User Type: anonymous web User Status: Campaign ID: 46 Cxense type: free User access status: 3Join our Telegram channel to get our Evening Alerts and breaking news highlights
