Friday 26 Apr 2024
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KUALA LUMPUR (March 10): Malaysia's February palm oil stockpile fell 5.32% to 1.46 million tonnes, from 1.54 million tonnes in January, on lower crude palm oil (CPO) output. 

The Malaysian Palm Oil Board (MPOB) said in a statement today that CPO production fell 1.43% to 1.26 million tonnes, from 1.28 million tonnes.

The palm oil stockpile comprises CPO and processed palm oil. Palm oil stockpile rose, despite a drop in the commodity's exports. 
  
According to MPOB, palm oil exports declined 13.97% to 1.11 million tonnes, from 1.29 million tonnes.

In January, the country's palm oil stockpile fell 7.54% from a month earlier, while exports rose 1.49%, according to MPOB.

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