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NEWS ADMIN

DATE

12/03/2019

NEWS PROVIDER

Nur Aisha Abd. Wahab

NEWS SOURCE

The Star Online

CATEGORY

HEADLINE

Palm oil stocks higher

The Star Online (12/03/2019) - KUALA LUMPUR: Malaysia’s total palm oil stocks in February increased 1.34% to 3.05 million tonnes from 3.01 million tonnes in January.

Crude palm oil (CPO) stocks rose 2.29% to 1.92 million tonnes during the month under review from 1.87 million tonnes in the preceding month.

Stocks of processed palm oil, however, went down 0.24% to 1.129 million tonnes from 1.131 million tonnes previously, said the Malaysian Palm Oil Board (MPOB) in its “Performance of the Malaysian Palm Oil Industry for the Month of February 2019 ” released here yesterday.

It said CPO production fell 11.1% to 1.54 million tonnes in February from 1.74 million tonnes in the previous month.Palm kernel output was also 11.16% lower at 395,697 tonnes in February versus January’s production of 445,427 tonnes.

The MPOB said palm oil exports slipped 21.38% to 1.32 million tonnes in February from 1.68 million tonnes in January, while exports of oleochemical increased by 15.8% to 273,964 tonnes from 236,589 tonnes.

Read more at https://www.thestar.com.my/business/business-news/2019/03/12/palm-oil-stocks-higher/#6f5epZo2KK18mYQK.99