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Malaysia’s total palm oil stocks in February down 5.32%

Malaysia’s total palm oil stocks in February 2017 slipped 5.32% to 1.46 million tonnes against 1.54 million tonnes in January this year.

In a statement today, the Malaysian Palm Oil Board (MPOB) said, crude palm oil (CPO) stocks fell by 2.21 per cent to 766,713 tonnes in February from 784,033 tonnes in the previous month. It said stocks of processed palm oil fell by 8.55% to 692,343 tonnes in February against 757,049 tonnes in January. On production, it said, February CPO output declined to 1.26 million tonnes from 1.28 million tonnes in January.

Palm kernel output improved to 316,069 tonnes in February compared with 310,186 tonnes in the previous month.

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