11/01/2010 (Bernama), Kuala Lumpur - Malaysian palm oil exports declined 19.47 per cent to 1.21 million tonnes in December compared with November's offake of 1.501 million tonnes, the Malaysian Palm Oil Board (MPOB) announced Monday.

Production of crude palm oil dropped 4.73 per cent to 1.520 million tonnes in December from 1.595 million tonnes registered in November.

The board said total palm oil stocks rose 15.72 per cent to 2.238 million tonnes during the month in review, from 1.934 million tonnes recorded a month earlier.

Out of the total, stocks of crude palm oil increased 7.13 per cent to 1.197 million tonnes while that of processed palm oil grew 27.47 per cent to 1.041 million tonnes in December.

It added that imports of crude palm oil rose 224.66 per cent to 153,797 tonnes in December from 47,372 tonnes in November and that of processed palm palm oil added 26.95 per cent to 11,441 tonnes from 9,012 tonnes in November.

Imports of palm oil increased 193.06 per cent to 165,237 tonnes in December from 56,384 tonnes in November.

Meanwhile, MPOB said exports of palm kernel oil in December declined 4.94 per cent to 104,576 tonnes from 110,009 tonnes in November.

Production of palm kernel eased 4.19 per cent to 391,814 tonnes in December from 408,959 tonnes in November while stocks declined 12.94 per cent, for the month under review, against 129,249 tonnes registerd a month earlier.

Total palm kernel oil stocks rose 9.46 per cent to 305,912 tonnes in December against 279,483 tonnes in November.