Malaysia's palm oil stockpiles at the end of January fell 6.7 percent from the previous month to 3 million tonnes, industry regulator Malaysian Palm Oil Board (MPOB) said in its latest report.

Production in January fell 3.9 percent from the previous month to 1.74 million tonnes. Exports, however, jumped 21.2 percent from December to 1.68 million tonnes, according to MPOB data.

Exports of Malaysian palm oil products during Feb 1-10 fell 13.0% to 393,353 tonnes from 451,845 tonnes shipped during Jan 1-10, cargo surveyor Intertek Testing Services said.