KUALA LUMPUR: Malaysia’s total palm oil stocks went down 11% to 2.01 million tonnes in December 2019 from 2.26 million tonnes recorded in the previous month.
In a statement today, the Malaysian Palm Oil Board (MPOB) said crude palm oil (CPO) stocks decreased by 11.58% to 1.02 million tonnes in December from 1.15 million tonnes in November, while processed palm oil stocks lost 10.38% to 987,579 tonnes from 1.1 million tonnes previously.
It also said CPO production depreciated 13.27% to 1.33 million tonnes in December from 1.54 million tonnes in November, while palm kernel output was 12.8% lower at 316,24 tonnes from 362,641 tonnes.
“Palm oil exports inched down 0.67% in December to 1.4 million tonnes from 1.41 million tonnes in November, while exports of oleo-chemicals declined 8.9% to 261,229 tonnes compared to 286,747 tonnes,” MPOB said.
Biodiesel exports in the month under review, however, increased 1.70% to 44,904 tonnes from 44,153 tonnes in the preceding month, while exports of palm kernel cake fell 7.53% to 205,07 tonnes from 221,772 tonnes.
Meanwhile, palm kernel oil exports went up by 2.83% in December 2019 to 92,431 tonnes from 89,886 tonnes in the preceding month, it said. – Jan 10, 2020 Bernama
