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Malaysia’s March palm oil stocks fell 16.14% m/m: MPOB
- Crude palm oil production gained 7.21% in March from February to 1.38 million tons
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KUALA LUMPUR: Malaysia’s palm oil stocks at the end of March fell 16.14% from the previous month to 2.27 million metric tons, data from the Malaysian Palm Oil Board data showed on Friday.
Crude palm oil production gained 7.21% in March from February to 1.38 million tons, while palm oil exports surged by 40.69% to 1.55 million tons, the industry regulator’s data showed.
A Reuters survey had forecast inventories at 2.18 million tons, with output seen at 1.34 million tons and exports at 1.56 million tons.
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