Malaysia’s end-June palm oil inventories edge up 0.8 pct m/m MPOB

11-Jul-2018 Intellasia | Reuters | 6:02 AM Print This Post

Malaysia’s palm oil

stockpiles at the end of June rose 0.8 percent from the previous

month to 2.19 million tonnes, industry regulator the Malaysian

Palm Oil Board (MPOB) said on Tuesday.

Production in June fell 12.6 percent from May to 1.33

million tonnes, while exports declined 12.6 percent from the

previous month to 1.13 million tonnes, according to the MPOB

data.

A Thomson Reuters survey had forecast palm oil stockpiles to

fall 1.2 percent to 2.15 million tonnes at the end of June.

Production was seen falling 11.1 percent to 1.36 million tonnes,

while exports were also forecast to decline 7.8 percent to 1.19

million tonnes.

The following is a breakdown of the Malaysian Palm Oil Board

figures and Reuters estimates for June:

(volumes in tonnes)

June 2018 June 2018 poll June 2017 May 2018

Output 1,332,705 1,356,500 1,514,255 1,525,405

Stocks 2,188,660 2,145,000 1,526,839 2,170,620*

Exports 1,129,088 1,190,000 1,379,888 1,291,365*

Imports 85,889 35,624 45,828 32,260

*denotes revised figures

https://sg.news.yahoo.com/malaysias-end-june-palm-oil-043913652.html

 


Category: Malaysia

Print This Post