In November, palm oil stocks in Malaysia decreased by more than 1% against October – to 2.42 million tons. Such data was released in the national MPOB (Malaysian Palm Oil Board).
It also stressed that during the reporting period, crude palm oil (crude palm oil, CPO) residues dropped by 3.89% to 1.34 million tons. CPO production, meanwhile, fell by 7.66% to 1.79 million tons.
Overall, Malaysian palm oil exports fell 5.67% to 1.38 million tons last month. At the same time, biodiesel sales volumes decreased by more than 65% to less than 18,000 tons.
Palm oil cake exports rose 63.76% to 284,000 tons. Palm kernel oil shipments from Malaysia in November increased by 9.67% to 99.8 thousand tons.
Source: Oleoscope