Palm oil stockpiles in Malaysia, the world's second-largest producer, contracted for a second month in February as production declined more than expected to the lowest level in 10 months, according to official data.
Inventories shrank 5.2% to 2.44 million tonne, the Malaysian Palm Oil Board said on Monday, matching the median estimate in a Bloomberg survey published March 5 and 18% higher than a year ago. Output fell 19% to 1.3 million tonne, the lowest level since April and more than the 13% drop estimated in the survey. Exports retreated 14% to 1.4 million tonne, according to data from the board.

Source - http://economictimes.indiatimes.com