The latest June Supply & Demand report from the Malaysia Palm Oil Board (MPOB) reveals a 16.15% decrease in the production of Crude Palm Oil (CPO). Palm Oil (PO) exports experienced a 12.82% decline compared to May. The decrease in production have been offset by the weak export data of palm oil resulting in an up-move of 4.35% in Total Palm Oil (TPO) stocks, reaching 18.29 LMT. The MPOB data suggests a bearish momentum, as there is a rise in ending stocks of palm oil. Hence, the MPOB data of June is expected to be bearish.