MARKET DEVELOPMENT
August Palm Oil Stocks Up 5.81 Per Cent To 2.12 Million Tonnes, Says MPOB
August Palm Oil Stocks Up 5.81 Per Cent To 2.12 Million Tonnes, Says MPOB
11/09/2012 (Bernama) - Malaysia's palm oil stocks rose 5.81 per cent to 2.12 million tonnes in August from two million tonnes in July.
The Malaysian Palm Oil Board (MPOB) said crude palm oil (CPO) stocks surged 25.19 per cent to 1.19 million tonnes last month.
Processed palm oil stocks was 11.87 per cent lower to 921,308 tonnes.
Palm kernel stocks were 19.58 per cent higher to 175,007 tonnes while crude palm kernel oil stocks grew 9.35 per cent to 223,401 tonnes.