Palm oil bounced back on speculation that robust production growth in the world’s second-biggest grower Malaysia may begin to end. Stockpiles in the Southeast Asian nation surprisingly climbed in April after shrinking for five months as output jumped more than expected. Palm have been trading in a range for some weeks on earlier expectations that yields will continue to rise and demand will be sluggish. There’s market talk now that Malaysia’s production growth tapered down in the second half of May, after a strong start earlier this month, said by analyst. (Source: Bloomberg)
