Malaysia’s palm oil stocks fall to 7-month low

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.

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.

Following is a breakdown of the Malaysian Palm Oil Board figures and Reuters estimates for February (volumes in tons) [PALM/POLL]:
-Reuters
-TheStar