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Malaysia's end-July Palm Oil stocks up 1.26% to 2.214 MT
Commodity Online | August 10 2018
UPDATED 12:25:15 IST

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Malaysia's Palm Oil stocks at the end of July rose 1.26% to 2.214 million tonnes from 2.187 million tonnes in June, the Malaysian Palm Oil Board (MPOB) said in its latest report.

Crude palm oil (CPO) stocks also increased slightly by 0.80% to 1.224 million tonnes during the month from 1.215 million tonnes in the preceding month.

Stocks of processed Palm Oil grew 1.84% to 989,642 tonnes from 971,796 tonnes previously, MPOB said.

CPO production rose 12.79% to 1.503 million tonnes in July from 1.332 million tonnes in the previous month.

Palm kernel output was also up by 14.41% to 361,220 tonnes in July versus June’s production of 315,731 tonnes.

The MPOB said Palm Oil export increased 6.75% to 1.205 million tonnes in July from 1.129 million tonnes in June, while export of oleochemical rose 14.38% to 264,706 tonnes from 231,430 tonnes previously.

Palm kernel oil export expanded by 1.80% to 74,696 tonnes from 73,378 tonnes in the preceding month, but export of palm kernel cake fell 25.35% 150,521 tonnes from 201,625 tonnes before.

In July, biodiesel export surged 58.51% to 66,197 tonnes against June’s 41,762 tonnes.

 

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