Markets expect the Malaysian palm oil March-end inventories to fall to 1.795 million tonnes.
Mumbai-based Sunvin Group commodity research head Anilkumar Bagani said markets are expecting the Malaysian palm oil March-end inventories to fall to 1.795 million tonnes on the back of stronger export and weaker production.
Anilkumar also said the market is waiting for the Malaysian Palm Oil Association’s estimates for Malaysia’s March palm oil production. Amidst the Good Friday and Easter holidays, the activity is likely to be at the lower end for the rest of the week.
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