Thursday 28 Mar 2024
By
main news image

KUALA LUMPUR (March 12): Malaysia's palm oil stocks at end-February fell 2.9% from the previous month to 2.48 million tonnes, industry regulator Malaysian Palm Oil Board (MPOB) said on Monday.

Production in February dropped 15.4% to 1.34 million tonnes. Exports fell 13.3% to 1.31 million tonnes.

A Thomson Reuters survey had pegged inventory levels to drop 6.9% to 2.37 million tonnes in February. Production was seen down 12% at 1.4 million tonnes, while exports were forecast to fall 11.9% to 1.33 million tonnes.

      Print
      Text Size
      Share