MARKET DEVELOPMENT
Malaysia's September Palm Oil Stocks Up 5.46 Per Cent
Malaysia's September Palm Oil Stocks Up 5.46 Per Cent
13/10/2015 (Bernama) - Malaysia's total palm oil stocks in September 2015 increased by 5.46 per cent to 2.63 million tonnes against 2.49 million tonnes registered in the previous month, according to the latest statistics from the Malaysian Palm Oil Board (MPOB).
In a statement Monday, MPOB said crude palm oil (CPO) stocks for September rose 6.68 per cent to 1.56 million tonnes against 1.46 million tonnes previously.
Processed palm oil stocks grew by 3.74 per cent to 1.07 million tonnes in September, it said.
Total CPO production eased 4.48 per cent to 1.96 million tonnes in September from 2.05 million tonnes previously.
MPOB also said exports of biodiesel and palm oil improved in September 2015.
Exports of biodiesel for September surged by 93.96 per cent to 31,423 tonnes from 16,201 tonnes recorded in the previous month.
Exports of palm oil improved 4.36 per cent to 1.678 million tonnes compared with 1.608 million tonnes in August, it said.
Meanwhile, imports of CPO for September declined 68.68 per cent to 8,274 tonnes compared to the previous month, while palm oil imports increased 15.08 per cent to 75,962 tonnes.
In a statement Monday, MPOB said crude palm oil (CPO) stocks for September rose 6.68 per cent to 1.56 million tonnes against 1.46 million tonnes previously.
Processed palm oil stocks grew by 3.74 per cent to 1.07 million tonnes in September, it said.
Total CPO production eased 4.48 per cent to 1.96 million tonnes in September from 2.05 million tonnes previously.
MPOB also said exports of biodiesel and palm oil improved in September 2015.
Exports of biodiesel for September surged by 93.96 per cent to 31,423 tonnes from 16,201 tonnes recorded in the previous month.
Exports of palm oil improved 4.36 per cent to 1.678 million tonnes compared with 1.608 million tonnes in August, it said.
Meanwhile, imports of CPO for September declined 68.68 per cent to 8,274 tonnes compared to the previous month, while palm oil imports increased 15.08 per cent to 75,962 tonnes.