Oh My Gosh!?

Palm inventories fell to a nine-month low due to slower output growth. MPOB estimated palm oil inventories at 1.45 million tons, down 7.1% from end-May, compared with market expectations of an increase to around 1.59 million tons. Palm oil output rose only 2.5% in June to 1.42 million tons, below market expectations of a 5%-10% rise.

~~ The above report is a jaw-dropper. Perhaps a residual effect from El Nino?