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Malaysia palm oil reserves seen slipping to 2-year low

Tuesday, June 7, 2016 - 05:50
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Stockpiles fell 7.8 per cent to 1.66 million tonnes in May from a month earlier.

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