Palm | Kelapa Sawit

KUALA LUMPUR, April 12 (Reuters) - Malaysia's March palm oil
stocks dropped to six month lows as overseas demand outweighed a
strong production recovery in absolute terms.
The Malaysian Palm Oil Board said on Monday that stocks in
the world's No.2 producer of the vegetable oil dropped 7.5
percent to slightly more than 1.65 million tonnes, a level unseen
since September and staying within market expectations.
But pace of the decline in stocks has slowed as palm oil
yield improved in key producing states of Sabah on Borneo island
and Johor on the mainland while the drier weather from El Nino
weather condition appeared to ease.