Malaysian palm oil inventories likely to increase for the 7 consequtive month to the highest level since April 2019 as production outstripped exports (demand). According to Bloomberg Survey of traders, analysts and planta-tion executives inventories rose 1.2% in November from October to 2.48 million tons and is around 8% above than the year ago. Malaysian palm oil closed lower by RM 44 or 1.15% to RM 3780 ($ 810.98) at close of 5/12/2023
trading.