Malaysia’s crude palm oil output in February fell 12.5% from the previous month to 1.16 million metric tons, the Malaysian Palm Oil Board said Wednesday.
CPO output totaled 1.32 million tons in January.
In its monthly report, MPOB said CPO exports fell 12% to 1.29 million tons in February. The country exported 1.46 million tons in January.
Palm oil inventories totaled 1.79 million tons at the end of February, down 11% from 2.00 million tons in January. Stocks fell more than expected to the lowest level since September 2009.
The following are details of the February crop data and revised numbers for January, issued by MPOB:
February January Change
On Month
Crude Palm Oil Output 1,156,814 1,321,304 Down 12.5%
Palm Oil Exports 1,291,999 1,461,727 Down 12.0%
Palm Kernel Oil Exports 97,709 103,100 Down 5.2%
Palm Oil Imports 50,469 139,378 Down 63.8%
Closing Stocks 1,785,233 2,003,175 Down 10.9%
Crude Palm Oil 932,971 1,132,852 Down 17.6%
Processed Palm Oil 852,262 870,323 Down 2.1%
(All figures in tons)
-By Shie-Lynn Lim, Dow Jones Newswires; +603 2026 1233; shie-lynn.lim@dowjones.com
(END) Dow Jones Newswires
March 09, 2010 23:48 ET (04:48 GMT)
Copyright (c) 2010 Dow Jones & Company, Inc.
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