Malaysia palm oil inventory up 1.26% at 2.21 mil tonnes in July

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KUALA LUMPUR (Aug 10): Malaysia's palm oil inventory climbed 1.26% to 2.21 million tonnes in July from 2.19 million tonnes in June, as crude palm oil (CPO) production rose 12.79% to 1.5 million tonnes from 1.33 million tonnes.

Inventory comprises CPO and processed palm oil, according to the Malaysian Palm Oil Board's (MPOB) statement today.

MPOB said the country's palm oil exports rose 6.75% to 1.21 million tonnes from 1.13 million tonnes.

In an earlier statement, MPOB said June inventory rose 0.84% to 2.19 million tonnes from the preceding month.