11/09/2015 (Bernama) - Malaysia's total palm oil stocks in August 2015 increased by 10.04 per cent to 2.49 million tonnes against 2.27 million tonnes recorded in the previous month.

In a statement Thursday, the Malaysian Palm Oil Board (MPOB) said crude palm oil (CPO) stock for August rose 16.53 per cent to 1.46 million tonnes against 1.26 million tonnes previously.

Processed palm oil stock grew by 1.97 per cent to 1.03 million tonnes in August, it said.

Total CPO production surged 12.96 per cent to 2.05 million tonnes in August against 1.82 million tonnes recorded previously.

Exports of biodiesel for August decreased by 65.24 per cent to 16,201 tonnes from 46,601 tonnes previously.

Export of palm oil fell 0.30 per cent to 1.607 million tonnes compared with 1.612 million tonnes in July.

Meanwhile, import of CPO for August declined 74.80 per cent to 26,421 tonnes compared to the previous month, while palm oil imports decreased 53.79 per cent to 66,006 tonnes.

The average price of the fresh fruit bunches in August was quoted at RM20.05 per tonne, down 12.06 per cent from RM22.80 per tonne previously.