CPO stocks fall in Nov 2021 on lower production, higher exports

KUALA LUMPUR: Malaysian crude palm oil (CPO) stocks for November 2021 fell 4.45 per cent to 942,354 tonnes from 986,239 tonnes recorded in the previous month on lower production while exports were higher, the Malaysian Palm Oil Board (MPOB) said today.

It said the world's second-largest palm oil producer’s end-November processed palm oil inventory improved 3.09 per cent month-on-month (m-o-m) to 874,525 tonnes from 848,329 tonnes.