Malaysia’s end-September palm oil stocks up 1.45 pct m/m MPOB

11-Oct-2018 Intellasia | Reuters | 6:00 AM Print This Post

Malaysia’s palm oil

stockpiles at the end of September slightly rose 1.45 percent

from the previous month to 2.54 million tonnes, industry

regulator the Malaysian Palm Oil Board (MPOB) said on Wednesday.

Production in September rose 14.38 percent from the previous

month to 1.85 million tonnes, while exports rose 47.18 percent

from August to 1.62 million tonnes, according to the MPOB data.

A Reuters survey had forecast palm oil’s end-September

stockpiles to edge down 0.7 percent to 2.47 million tonnes,

while production was seen up 14.7 percent at 1.86 million

tonnes. Exports were also forecast to jump 50 percent to 1.65

million tonnes.

The following is a breakdown of the Malaysian Palm Oil Board

figures and Reuters estimates for September:

(volumes in tonnes)

September 2018 September 2018 poll September 2017 August 2018

Output 1,853,601 1,861,500 1,779,918 1,620,605*

Stocks 2,541,152 2,471,000 2,015,922 2,504,874*

Exports 1,618,702 1,649,500 1,519,284 1,099,776*

Imports 61,599 75,019 41,173 80,191

*denotes revised figures


Category: Malaysia

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