KUALA LUMPUR (April 12): Malaysia’s March 2021 crude palm oil (CPO) output charted its first month-on-month gain in six months after climbing 28.4% as CPO production across Peninsular Malaysia, Sabah and Sarawak increased.

In a statement, the Malaysia Palm Oil Board (MPOB) said Peninsular Malaysia posted a 31.3% gain in production to 821,947 tonnes, while Sabah and Sarawak reported increases of 29.9% and 19.9% to 299,904 tonnes and 301,503 tonnes respectively.

CPO stocks increased 12.4% to 742,742 tonnes, while processed palm oil stocks increased 9% month-on-month, translating to a 10.7% increase in total palm oil stocks to 1.44 million tonnes.

Meanwhile, total palm kernel oil stocks fell 7% to 251,755 tonnes.

Palm oil exports for the month increased 31.8% to 1.18 million tonnes, while palm kernel oil exports rose 45.7% to 94,073 tonnes.

Oleochemical exports inched up 2.3% from February to 270,032 tonnes, while biodiesel exports declined 50.9% to 13,839 tonnes.

CPO imports fell 31.3% in March to 7,140 tonnes, while the imports of processed palm oil and palm oil increased by 65.2% and 57.3% to 132,430 tonnes and 137,332 tonnes respectively.

Read also:
Govt to focus on selling palm oil to East and West Asian countries, says deputy minister
Malaysia's CPO production to rise to 19.5 million tonnes in year ending September 2021 — US Department of Agriculture
HLIB Research: CPO prices to remain above RM3,500 per tonne in 2Q, trend down 'more noticeably' from 2H21