10/02/2015 (NASDAQ) - Malaysia's crude palm oil output fell in January due to floods, and its stockpiles of the commodity hit a six-month low at the end of January.

The Malaysian Palm Oil Board said Tuesday Malaysia's January crude palm oil production fell 15.0% from a month earlier to 1.16 million metric tons.

End-January stockpiles fell 12.2% from a month earlier to 1.77 million tons, and palm oil exports were down 22.1% from December at 1.18 million tons.

Malaysia, the world's second-largest palm oil producer, is facing widespread flooding due to a severe monsoon in December and January.

The following are details of the January crop data and revised numbers for December, issued by MPOB:

                           January       December    Change

                                                     On Month

Crude Palm Oil Output     1,160,687     1,364,864    Dn 15.0%

Palm Oil Exports          1,184,284     1,519,622    Dn 22.1%

Palm Kernel Oil Exports      77,862       115,309    Dn 32.5%

Palm Oil Imports             89,908        90,353    Dn  0.5%

 

Closing Stocks            1,770,299     2,015,789    Dn 12.2%

Crude Palm Oil              881,303       995,691    Dn 11.5%

Processed Palm Oil          888,996     1,020,098    Dn 12.9%

 

(All figures are in metric tons)