Malaysia's Palm Oil stocks fall 6.75% in January
Malaysia's Palm Oil stocks at the end of January 2018 fell 6.75% to 2.55 million tonnes from 2.73 million tonnes recorded in December last year, the Malaysian Palm Oil Board (MPOB) said in its latest report.
The report said Crude Palm Oil (CPO) stocks decreased 5.72% to 1.57 million tonnes during the month under review from 1.67 tonnes registered a month earlier.
Stocks of processed Palm Oil reduced 8.37% to 973,965 tonnes from 1.06 million previously.
On production, MPOB said, CPO output declined 13.495 to 1.59 million tonnes in January from 1.83 million tonnes recorded in December 2017.
Palm kernel output was 10.03% lower at 418,422 tonnes in January versus December's production of 465,062 tonnes, it said.
It added that exports rose 6.01% to 1.51 million tonnes in January from 1.43 million tonnes recorded in December.
Exports of oleochemicals declined 3.52 per cent to 255,21 tonnes, during the month under review, from 264,532 tonnes recorded in December.
Palm kernel oil exports contracted 40.03% to 72,296 tonnes in January from 120,563 tonnes recorded in the previous month and that of palm kernel cake eased 1.72% to 217,817 tonnes from 221,622 tonnes, previously, it added.
