Wednesday, 10 February 2016

January palm oil stocks down 12.38% to 2.31m tonnes

Malaysia's palm oil stocks in January 2016 slipped 12.38% to 2.31 million tonnes against 2.63 million tonnes in December 2015, said the Malaysian Palm Oil Board (MPOB) on its website.

Crude palm oil (CPO) stocks for January 2016 declined 18.28% to 1.30 million tonnes against 1.59 million tonnes at end-December.

Processed palm oil stocks eased 3.35% to 1.01 million tonnes in January, it said.

Total CPO production dropped 19.26% to 1.13 million tonnes in January from 1.40 million tonnes a month earlier.

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