13/01/2015 (Bernama) - Malaysia's palm oil stocks eased 11.55 per cent to 2.01 million tonnes at end-December 2014 against the 2.27 million tonnes recorded the previous month.

In a statement Monday, the Malaysian Palm Oil Board (MPOB) said crude palm oil (CPO) stocks declined 23.61 per cent to 995,529 million tonnes, while that for processed palm oil grew 4.61 per cent to 1.02 million tonnes for the month under review.

Palm kernel stocks fell 20.55 per cent to 131,263 tonnes, while crude palm kernel oil lost 10.55 per cent to 162,234 tonnes.

Processed palm kernel oil stocks improved 5.51 per cent to 140,759 tonnes in December, while that for palm kernel cake stocks was 7.19 per cent lower at 350,855 tonnes.

MPOB said the CPO production in December declined 22.04 per cent to 1.36 million tonnes against 1.75 million tonnes the previous month.

Palm kernel production was down 21.64 per cent to 337,242 tonnes, while crude palm kernel oil output was 18.83 per cent lower at 175,030 tonnes and palm kernel cake production dropped 19.26 per cent to 192,823 tonnes.

Palm oil exports rose 0.43 per cent to 1.52 million tonnes in December against 1.51 million tonnes in November 2014.

Biodiesel exports depreciated 97.30 per cent to 614 tonnes.

CPO imports in December slid 0.40 per cent to 52,872 tonnes, while that of processed palm oil inched down 18.26 per cent to 37,481 tonnes.