MALAYSIA’S total palm oil stocks eased 4.1% to 2.348 million tonnes in October from 2.448 million tonnes recorded in the previous month.

In a statement today, the Malaysian Palm Oil Board said crude palm oil (CPO) stocks decreased by 2.19% to 1.323 million tonnes in October from 1.353 million tonnes in September while processed palm oil stock contracted 6.47% to 1.024 million tonnes from 1.095 million tonnes previously.

It also said CPO production fell 2.53% to 1.795 million tonnes in October from 1.842 million tonnes in September, while palm kernel output was 2.44% lower at 442,604 tonnes from 453,654 tonnes.

Palm oil exports increased by 16.43% in October to 1.641 million tonnes from 1.410 million tonnes in September, while exports of oleochemical rose by 10.19% to 291,367 tonnes compared to last month’s 364,431 tonnes.

Biodiesel exports in the month under review edged down 60.42% to 21,664 tonnes from 54,735 tonnes last month, while exports of palm kernel cake rose 31.1% to 221,283 tonnes from 168,789 tonnes.

Meanwhile, palm kernel oil exports increased by 12.78% in October 2019 to 99,601 tonnes from 88,311 tonnes in the preceding month, it said. – Bernama, November 11, 2019.