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Malaysia’s February palm oil stocks fall 4%, MPOB says
- Crude palm oil production declined 18.6% from January to 1.28 million tons
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KUALA LUMPUR: Malaysia’s palm oil stocks fell 3.9% in February from the previous month to 2.70 million metric tons, data from the industry regulator showed on Tuesday.
Crude palm oil production declined 18.6% from January to 1.28 million tons, while palm oil exports fell 22.5% to 1.13 million tons, the Malaysian Palm Oil Board (MPOB) said.
A Reuters survey had forecast inventories at 2.63 million tons, with output seen at 1.3 million tons and exports at 1.18 million tons.
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