Crude palm oil (CPO) exports are likely to be slower this month following stronger production and festive season in Pakistan, according to ECM Libra.

Pakistan had made heavy purchases of palm oil for August and September, the firm said in a research note today.

ECM Libra said many factors like weather, poor fertilisation, practices and government replanting that might stem the growth in production numbers.

Last month, the CPO stocks stood at 1.3 million tonnes, the same level as in July.

However, the research firm said that news reports on drought in India are likely increase demand for the commodity in the region. -- Bernama