Palm oil stocks fall 6.3% to 1.9 million tonnes

CPO production rose 14.19% m-o-m to 1.89 million tonnes from 1.65 million tonnes previously.

KUALA LUMPUR: Malaysia’s total palm oil stock decreased by 6.33% month-on-month (m-o-m) to 1.9 million tonnes in June 2020 from 2.03 million tonnes in May 2020, the Malaysian Palm Oil Board (MPOB) said yesterday.

MPOB said processed palm oil stock fell 15.79% m-o-m to 873,98 tonnes during the month, but crude palm oil (CPO) supplies increased 3.56% m-o-m to 1.03 million tonnes.