Malaysia palm oil reserves seen slipping to 2-year low

Kuala Lumpur

PALM oil inventories in Malaysia probably shrank to the lowest in almost two years as demand rose ahead of Muslim festivals and the lingering effect of El Nino hindered a recovery in production.

Stockpiles fell 7.8 per cent to 1.66 million tonnes in May from a month earlier, dropping for a sixth month to the smallest since June 2014, going by the me…