Malaysia's end-Sept palm oil stocks up 1.45 pct m/m

 KUALA LUMPUR: 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.