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Palm oil stocks  down 6.69pc to  3mil tonnes
Published on: Tuesday, February 12, 2019

KUALA LUMPUR:  

Malaysia’s total palm oil stocks in January 2019 fell 6.69 per cent to three million tonnes from 3.22 million tonnes in December 2018.

Crude palm oil (CPO) stocks decreased 3.69 per cent to 1.87 million tonnes during the month under review from 1.94 million tonnes in the preceding month.


Stocks of processed palm oil went down by 11.27 per cent to 1.13 million tonnes from 1.28 million tonnes previously, said the Malaysian Palm Oil Board (MPOB) in its “Performance of the Malaysian Palm Oil Industry for the Month of January 2019” released here on Monday.

It said CPO production fell 3.9 per cent to 1.74 million tonnes in January from 1.81 million tonnes in the previous month.
Palm kernel output was also 0.25 per cent lower at 445,427 tonnes in January versus December’s production of 446,528 tonnes.

The MPOB said palm oil exports rose 21.19 per cent to 1.68 million tonnes in January from 1.38 million tonnes in December, while exports of oleochemical reduced 9.40 per cent to 229,937 tonnes from 253,802 tonnes.

Biodiesel exports in the month under review declined 41.24 per cent to 44,287 tonnes against December’s 75,374 tonnes, while exports of palm kernel cake rose 12.04 per cent to 226,022 tonnes from 201,727 tonnes.


In January, palm kernel oil exports expanded by 28.36 per cent to 78,590 tonnes from 61,228 tonnes in the preceding month. –  Bernama

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