PALM NEWS MALAYSIAN PALM OIL BOARD Tuesday, 21 May 2024

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MARKET DEVELOPMENT
Higher CPO Production In May
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KUALA LUMPUR, June 15 (Bernama) -- Malaysia's crude palm oil (CPO) outputrose 6.87 percent to 985,063 tonnes in May this year from 921,709 tonnesin April, the Malaysian Palm Oil Board (MPOB) said here Friday.Out of this, Peninsular Malaysia's production accounted for 630,575tonnes, up 6.47 percent from 592,247 tonnes in April, it said in astatement here today.

Meanwhile, total palm oil stocks decreased 0.12 percent to 1.187 milliontonnes from 1.189 million tonnes in April. Of this, CPO stocks fell 2.37percent to 719,158 tonnes in May from 736,638 tonnes in the previouscorresponding month. Palm oil exports in April increased 2.05 percent to75,864 tonnes in May compared with 858,269 tonnes in April -- BERNAMA