Palm Oil Exports Fall 19 Percent in December

KUALA LUMPUR: Malaysian palm oil exports declined 19.47% to 1.21
million tonnes in December compared with November’s offtake of 1.5

million tonnes, the Malaysian Palm Oil Board (MPOB) announced yesterday.

Production

of crude palm oil (CPO) dropped 4.73% to 1.52 million tonnes in

December from 1.6 million tonnes registered in November.

The

board said total palm oil stocks rose 15.72% to 2.24 million tonnes

during the month in review, from 1.93 million tonnes recorded a month

earlier.

Out of the total, stocks of CPO increased 7.13% to 1.2

million tonnes while that of processed palm oil grew 27.47% to 1.04

million tonnes in December.

The board added that imports of

crude palm oil rose 224.66% to 153,797 tonnes in December from 47,372

tonnes in November and that of processed palm oil added 26.95% to

11,441 tonnes from 9,012 tonnes in November.

Imports of palm oil increased 193.06% to 165,237 tonnes in December from 56,384 tonnes in November.

Meanwhile, MPOB said exports of palm kernel oil in December declined 4.94% to 104,576 tonnes from 110,009 tonnes in November.

Production

of palm kernel eased 4.19% to 391,814 tonnes in December from 408,959

tonnes in November while stocks declined 12.94%, for the month under

review, against 129,249 tonnes registerd a month earlier.

Total palm kernel oil stocks increased 9.46% to 305,912 tonnes in December against 279,483 tonnes in November. – Bernama

Source : The Star

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