Malaysia end-October palm oil stocks rise 4.44% m/m, MPOB says

KUALA LUMPUR: Malaysia’s palm oil stocks at the end of October rose 4.44% from the previous month to 2.46 million metric tons, data from the industry regulator showed on Monday.

Crude palm oil production was up 11.02% in October from September to 2.04 million tons, while palm oil exports climbed 18.58% to 1.69 million tons, the Malaysian Palm Oil Board said.

A Reuters survey had forecast inventories at 2.44 million tons, with output seen at 1.94 million tons and exports at 1.48 million tons.