CPO stocks down 19.2% in Dec

“Palm oil exports gained 24.66% to 1.62 million tonnes in December 2020 versus 1.3 million tonnes in the previous month, while oleochemical exports slipped by 5.91% to 246,844 tonnes from 262,392 tonnes previously, ” it said.

KUALA LUMPUR: Malaysia’s crude palm oil (CPO) stocks slumped 19.2% to 583,761 tonnes in December 2020 from the 722,451 tonnes in November, the Malaysian Palm Oil Board (MPOB) said.

Processed palm oil stocks shrank 18.85% month-on-month to 681,120 tonnes during the month compared with 839,307 tonnes in the preceding month, the board said in its monthly report on the palm oil industry performance for December 2020.