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Malaysia's palm oil stocks down 10.55pc in July, says MPOB | Malay Mail

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KUALA LUMPUR, Aug 10 — Malaysia's total palm oil stocks fell 10.55 per cent to 1.698 million tonnes in July from 1.898 million tonnes recorded in the previous month, says the Malaysian Palm Oil Board (MPOB). In its latest report on the industry's performance, the MPOB said today crude palm oil...

A worker trims leaves on a newly created dwarf palm oil tree at the Malaysian Palm Oil Board research station in Bukit Lawiang, Johor February 13, 2019. — AFP pic

In its latest report on the industry's performance, the MPOB said today crude palm oil stocks shrank 15.42 per cent to 868,664 tonnes from 1.027 million tonnes in June. The board said CPO production decreased 4.14 per cent to 1.807 million tonnes in July from 1.885 million tonnes in the previous month, while palm kernel output was 3.51 per cent lower at 449,347 tonnes against June's production of 465,712 tonnes .

 

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