Kuala Lumpur: Malaysia's palm oil stocks rose 2.41 per cent to 2.63 million tonnes in December from 2.56 million tonnes recorded in November, the Malaysian Palm Oil Board (MPOB) said Thursday.
It said crude palm oil (CPO) stocks in December decreased 5.54 per cent
to 1.58 million tonnes while that of processed palm oil jumped 17.16 per
cent to 1.05 million tonnes.
Palm kernel stocks decreased 13.16 per cent to 187,717 tonnes while that
of crude palm kernel oil expanded 5.08 per cent to 286,422 tonnes.
Processed palm kernel oil stocks gained 3.93 per cent to 178,209 tonnes
and palm kernel cake stocks increased 2.97 per cent to 312,178 tonnes.
MPOB said the CPO production last month fell 5.86 per cent to 1.78
million tonnes from 1.89 million tonnes recorded in November.
Palm kernel production slipped 6.32 per cent to 447,638 tonnes while
crude palm kernel oil output was 3.71 per cent higher at 223,969 tonnes
and palm kernel cake production rose 4.58 per cent to 249,070 tonnes.
Palm oil exports declined 0.70 per cent to 1.65 million tonnes last
month compared with November while palm kernel oil exports decreased
9.27 per cent to 112,644 tonnes.
It said exports of palm kernel cake fell 24.10 per cent to 205,058
tonnes, oleo chemicals exports rose 5.60 per cent to 226,805 tonnes and
bodies exports bolstered 166.66 per cent to 6,300 tonnes.
CPO imports, during the month in review, advanced 11.39 per cent to
54,716 tonnes but processed palm oil imports dipped 9.19 per cent to
32,508 tonnes.
In December, the average fresh fruit bunches price declined 7.65 per cent to RM20.39 per tone.
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