12.10.2020 (www.theedgemarkets.com) - KUALA LUMPUR (Oct 12): Malaysia's crude palm oil (CPO) stocks increased by 0.4% to 934,710 tonnes in September from 930,990 tonnes in the preceding month, the Malaysian Palm Oil Board (MPOB) said in its report on the industry’s performance for the month of September.
It said processed palm oil stocks rose by 2.24% month-on-month (m-o-m) to 790,410 tonnes during the month from 773,070 in August.
During the month under review, CPO production rose 0.32% m-o-m to 1.87 million tonnes from 1.86 million tonnes previously, while palm kernel output was 1.39% higher at 466,080 tonnes from August’s production of 459,679 tonnes, it added.
The MPOB said palm oil exports added 1.88% m-o-m to 161 million tonnes versus 1.58 million tonnes previously, while oleochemical exports slipped 1.07% m-o-m to 237,617 tonnes from 240,196 tonnes earlier.
August’s biodiesel exports jumped 59.54% m-o-m to 39,367 tonnes compared with 24,675 tonnes, previously, while palm kernel oil exports up 31.58% to 134,714 tonnes versus 102,379 tonnes in the preceding month.
The MPOB said exports of palm kernel cake increased 3.35% m-o-m to 255,773 tonnes from 247,489 tonnes previously.