Malaysia's palm oil stocks rise 9.6% to 2.31m tonnes in September
10/10/2023 (The Star Online), Kuala Lumpur - Malaysia’s total palm oil stocks rose by 9.60 per cent to 2.31 million tonnes in September from 2.11 million tonnes in August, according to the Malaysian Palm Oil Board (MPOB).
In its latest industry performance report for September 2023, MPOB said crude palm oil (CPO) inventory increased by 14.24 per cent to 1.37 million tonnes last month from 1.20 million tonnes in August while processed palm oil stocks were higher by 3.47 per cent to 942,553 tonnes in September from 910,903 tonnes previously.
CPO production improved by 4.33 per cent to 1.83 million tonnes in September from 1.75 million tonnes in the month before and palm kernel output went up by 6.16 per cent to 446,094 tonnes from 420,216 tonnes previously.
MPOB said palm oil exports fell by 2.11 per cent, or 25,735 tonnes, to 1.20 million tonnes in September from 1.22 million tonnes previously while oleochemical exports declined by 6.61 per cent to 238,767 tonnes.
Biodiesel exports strengthened by 43.73 per cent to 28,793 tonnes in September from the preceding month’s 20,032 tonnes.
Exports of palm kernel cake grew 7.69 per cent to 211,057 tonnes while palm kernel oil exports eased 12.80 per cent to 80,106 tonnes from 91,866 tonnes in August.
There was no CPO import for September while total palm oil imports were down by 55.66 per cent to 49,504 tonnes compared with 110,621 tonnes in the previous month. - Bernama