Malaysia's total palm oil stocks at the end of March 2019 fell 4.64% to 2.92 million tonnes from 3.06 million in February 2019, according to latest data released by the Malaysian Palm Oil Board (MPOB).
Crude palm oil (CPO) stocks decreased 12.31% to 1.69 million tonnes during the month under review from 1.93 million tonnes in the preceding month.
Stocks of processed palm oil went up by 8.41% to 1.23 million tonnes from 1.13 million tonnes previously, MPOB) said.
CPO production rose 8.25% to 1.67 million tonnes in March from 1.54 million tonnes in the previous month.
Palm kernel output was also higher by 9.29 per cent at 432,470 tonnes in March versus February's production of 395,704 tonnes.
The MPOB said palm oil exports rose 22.37% to 1.62 million tonnes during the month under review from 1.32 million tonnes in February, while exports of oleochemical gained 3.84% to 284,738 tonnes from 274,220 tonnes.
Biodiesel exports in the month under review increased 126.44% to 83,753 tonnes compared with February’s 36,986 tonnes, while exports of palm kernel cake rose 39.21% to 269,793 tonnes from 193,798 tonnes.
In March, palm kernel oil exports reduced by 18.18% to 74,701 tonnes from 91,303 tonnes in the preceding month.