14/12/2011 (The Star) - Malaysia's palm oil stocks declined by 1.52 per cent to 2.068 million tonnes in November 2011 from 2.1 million tonnes the previous month.

In a statement today, the Malaysian Palm Oil Board (MPOB) said month-on-month, crude palm oil (CPO) stocks in November fell by 3.3 per cent to 1.23 million tonnes while processed palm oil went up by 1.21 per cent to 841,698 tonnes.

It said palm kernel stocks decreased by 18.22 per cent to 153,978 tonnes and crude palm kernel oil stock was 6.9 per cent higher at 195,546 tonnes.

The stocks for processed palm kernel oil increased 12.26 per cent to 161,874 tonnes while palm kernel cake stocks dropped by 8.49 per cent to 337,651 tonnes.

Total palm kernel oil increased by 9.26 per cent to 357,420 tonnes.

The MPOB said the CPO output in September slipped by 14.76 per cent month-on-month to 1.626 million tonnes from 1.908 million tonnes in October.

It said palm kernel production went down 14.65 per cent to 403,023 tonnes, crude palm kernel oil output slipped 6.33 per cent to 199,639 tonnes and palm kernel cake output declined 6.37 per cent to 221,838 tonnes.

Palm oil exports in November decreased by 9.94 per cent to 1.66 million tonnes compared with 1.84 million tonnes in October and palm kernel oil exports slipped by 8.2 per cent to 108,041 tonnes.

The MPOB said palm kernel cake exports surged by 38.29 per cent to 277,490 tonnes while oleochemical exports decreased by 2.56 per cent to 200,855 tonnes.

Biodiesel export, fell by 11.78 per cent to 12,411 tonnes from 14,068 tonnes previously, it added.

CPO imports in November grew by 116.78 per cent to 87,198 tonnes while processed palm oil imports went down 79.69 per cent to 1,067 tonnes.

Total palm oil imports for November surged by 94.08 per cent to 88,265 tonnes and total palm kernel oil imports went up 118.09 per cent to 53,896 tonnes.

The average price of fresh fruit bunches per tonne during the month increased by 10.62 per cent to RM32.82. - BERNAMA