KUALA LUMPUR: Malaysia’s palm oil stocks at the end of February fell 5% from the previous month to 1.92 million metric tons, their lowest in seven months, data from industry regulator the Malaysian Palm Oil Board (MPOB) showed on Monday.
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Crude palm oil production declined 10.18% from January to 1.26 million tons, while palm oil exports plunged 24.75% to 1.02 million tons, MPOB said.
A Reuters survey forecast February inventories at 1.91 million tons, a 5.7% decline from the previous month, with output at 1.32 million tons and exports at 1.14 million tons.
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Following is a breakdown of the Malaysian Palm Oil Board figures and Reuters estimates for February (volumes in tons) [PALM/POLL]:
-Reuters
-TheStar