Malaysia’s palm oil stocks fall 4.08% in Nov 2019

Malaysia’s palm oil stocks fall 4.08% in Nov 2019

KUALA LUMPUR: Malaysia’s total palm oil stocks eased 4.08% to 2.26 million tonnes in November 2019 from 2.35 million tonnes recorded in the previous month.

In a statement today, the Malaysian Palm Oil Board (MPOB) said crude palm oil (CPO) stock decreased by 12.75% to 1.15 million tonnes in November from 1.32 million tonnes in October, while processed palm oil stock rose 7.07% to 1.10 million tonnes from 1.03 million tonnes previously.

It also said CPO production fell 14.35% to 1.54 million tonnes in November from 1.79 million tonnes in October, while palm kernel output was 18.07% lower at 362,640 tonnes from 442,604 tonnes.

“Palm oil exports decreased by 14.64% in November to 1.40 million tonnes from 1.64 million tonnes in October, while exports of oleochemical declined 1.84% to 286,254 tonnes compared to last month’s 291,607 tonnes,” MPOB said.

Biodiesel exports in the month under review, however, surged 120.98% to 44,153 tonnes from 19,980 tonnes in the preceding month, while exports of palm kernel cake rose 0.22% to 221,772 tonnes from 221,283 tonnes.

Meanwhile, palm kernel oil exports decreased by 11.34% in November 2019 to 89,890 tonnes from 101,382 tonnes in the preceding month, it said.

Bernama


Tags assigned to this article:
Malaysian Palm Oil Board