Markets
Malaysia end-Dec palm oil stocks fall to 1.26mn tonnes
- Crude palm oil production fell 10.6% from November to 1.33 million tonnes.
KUALA LUMPUR: Malaysia's December palm oil end-stocks slumped 19% from the month before to 1.26 million tonnes, data from the Malaysian Palm Oil Board (MPOB) showed on Monday.
Crude palm oil production fell 10.6% from November to 1.33 million tonnes.
Palm oil exports surged 24.7% to 1.62 million tonnes, MPOB said.
A Reuters poll had pegged December inventories to fall 12% to 1.22 million tonnes, their lowest in more than 13 years. Production was seen down 11%, while exports were seen rising 15%.
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