Malaysia's end-Jan palm stocks fall 6.8 pct m/m - MPOB

 KUALA LUMPUR: Malaysia's palm oil stocks at end-January fell 6.8 percent from the previous month to 2.5 million tonnes, industry regulator Malaysian Palm Oil Board (MPOB) said on Monday.

Production in January fell 13.5 percent from December to 1.6 million tonnes. Exports rose 6 percent to 1.5 million tonnes.

A Thomson Reuters survey had pegged inventory levels to rise 0.6 percent to 2.75 million tonnes in January. Production was seen down 14.9 percent at 1.56 million tonnes, while exports were forecast to fall 8 percent to 1.31 million tonnes.