date:Nov 13, 2015
metric tons, according to the Malaysia Palm Oil Board, while palm-oil stocks were up 7.3% from the month before and 31% from a year earlier.
Octobers data are bearish for the price of palm oil, said Hamish Smith, commodities economist at Capital Economics. Although the El Nio weather phenomenon increases the possibility of yield-limiting severely dry conditions, the rise in stocks should limit the upside potential for the price, he added.
The Bursa Malaysia January palm-oil contract closed at