10/11/2022 (The Edge Markets), Kuala Lumpur - Malaysia's palm oil stocks at the end of October expanded for a fifth month to a three-year high as production improved, data from the nation's palm oil board showed on Friday.

Inventories in the world's second-largest producer rose 3.74% from the previous month to 2.4 million tonnes, its highest since September 2019, according to the Malaysian Palm Oil Board (MPOB).

However, it was slightly lower than a Reuters' survey pegging inventories at 2.53 million tonnes.

Crude palm oil production rose for a fifth month amid the peak crop season, climbing 2.44% from September to 1.81 million tonnes.

Exports gained 5.66% to 1.5 million tonnes, the industry regulator said.

Imports fell 49.85%.

Heavy monsoon rains and a high risk of flooding due to La Niña are threatening to impede harvest in world's largest producers Indonesia and Malaysia, which will likely hurt production in November and December.

Following is a breakdown of the Malaysian Palm Oil Board figures and Reuters estimates for October (volumes in tonnes):

                Oct 2022               Oct 2022 poll      Sept 2022*          Oct 2021

Output 1,813,591             1,822,777             1,770,441             1,725,837

Stocks   2,403,719             2,530,138             2,317,020             1,834,568

Exports 1,503,779             1,484,000             1,423,195             1,420,574

Imports                66,349   117,500 6,302     50,450

* indicates revised figures by the Malaysian Palm Oil Board 

https://www.theedgemarkets.com/article/malaysia-endoct-palm-oil-stocks-rise-threeyear-high