CPO exports down 18%

Malaysia’s palm oil stocks dropped 1.53 to 1.74 million tonnes in February from 1.77 million tonnes in January.

PETALING JAYA: Malaysia’s palm oil exports fell 18.44% to 971,640 tonnes in February – the lowest since 2007 – from a month earlier, following lower demand from major importers China, Pakistan, the European Union and the United States, according to the Malaysian Palm Oil Board (MPOB).

MPOB said in a statement palm oil stocks also dropped 1.53% to 1.74 million tonnes in February from 1.77 million tonnes in January.