Friday 10 May 2024
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KUALA LUMPUR (Feb 10): Malaysia's palm oil stocks at the end of January fell 7.6% to 1.54 million tonnes from a month earlier, industry regulator the Malaysian Palm Oil Board (MPOB) said on Friday.

Output for January fell 13.4% from December to 1.28 million tonnes. Exports rose 1.2% to 1.28 million tonnes.

A Thomson Reuters survey had pegged inventory levels to fall 10.7% to 1.49 million tonnes, and production to decline 9.1% to 1.34 million tonnes. 

Exports were forecast to rise 1% to 1.29 million tonnes.

The following is a breakdown of Malaysian Palm Oil Board figures and Reuters estimates for January:

(volumes in tonnes)

  Jan 2017 Jan 2017 poll Jan 2016 Dec 2016
Output 1,276,848 1,340,000 1,129,747 1,473,717
Stocks 1,540,832 1,488,000 2,308,582 1,666,673*
Exports 1,282,584 1,293,300 1,279,187 1,267,962*
Imports 71,591 45,000 34,400 44,752

 *denotes revised figures    

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