MARKET DEVELOPMENT
Palm Oil Stocks Fall 6.05 Per Cent To 2.17 Million Tonnes In February 2016
Palm Oil Stocks Fall 6.05 Per Cent To 2.17 Million Tonnes In February 2016
11/03/2016 (Bernama) - Malaysia's total palm oil stocks in February 2016 fell 6.05 per cent to 2.17 million tonnes versus 2.31 million tonnes registered in January 2016, said the Malaysian Palm Oil Board (MPOB) in a statement.
Crude palm oil (CPO) stocks for February 2016 declined 3.94 per cent to 1.25 million tonnes against 1.30 million tonnes recorded for January.
Processed palm oil stocks eased 8.78 per cent to 918,300 tonnes in February, it said.
Total CPO production dropped 7.70 per cent to 1.04 million tonnes in February from 1.13 million tonnes registered a month earlier.
MPOB also said exports of biodiesel rose in February while exports of palm oil fell last month.
For February 2016, exports of biodiesel rose 17,447.58 per cent to 10,618 tonnes versus 61 tonnes but palm oil exports eased 15.16 per cent to 1.09 million tonnes against 1.28 million tonnes recorded in January, it said.
Meanwhile, imports of CPO increased 126.81 per cent to 15,884 tonnes compared with 7,003 tonnes while total palm oil imports appreciated 84.44 per cent to 67,583 tonnes.
Crude palm oil (CPO) stocks for February 2016 declined 3.94 per cent to 1.25 million tonnes against 1.30 million tonnes recorded for January.
Processed palm oil stocks eased 8.78 per cent to 918,300 tonnes in February, it said.
Total CPO production dropped 7.70 per cent to 1.04 million tonnes in February from 1.13 million tonnes registered a month earlier.
MPOB also said exports of biodiesel rose in February while exports of palm oil fell last month.
For February 2016, exports of biodiesel rose 17,447.58 per cent to 10,618 tonnes versus 61 tonnes but palm oil exports eased 15.16 per cent to 1.09 million tonnes against 1.28 million tonnes recorded in January, it said.
Meanwhile, imports of CPO increased 126.81 per cent to 15,884 tonnes compared with 7,003 tonnes while total palm oil imports appreciated 84.44 per cent to 67,583 tonnes.