Malaysia end-May Palm Oil stocks fall 10.3% to 2.45 MT: MPOB
Commodity Online | June 12 2019
UPDATED 12:25:10 IST

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Malaysia's palm oil stockpiles at the end of May dropped 10.3% from the previous month to 2.45 million tonnes, industry regulator the Malaysian Palm Oil Board (MPOB) said.

It was the third straight month of inventory declines and took stocks to their lowest levels since July 2018.

Palm oil production rose slightly in May by 1.3% on a month earlier to 1.67 million tonnes, taking production to its highest for the month of May in four years.

Exports rose for a third month in a row in May, up 3.5% from April to 1.71 million tonnes, the MPOB data showed.

 



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