Palm oil stocks, output see further decline in February

In a statement yesterday, MPOB said total palm oil inventory declined 2.12% month-on-month (m-o-m) to 1.52 million tonnes against 1.55 million tonnes, with processed palm oil inventory falling 4.01% to 733,82 million from 764,49 million tonnes previously.

KUALA LUMPUR: Malaysia’s crude palm oil (CPO) stocks slid further, retreating 0.28% to 784,471 tonnes in February 2022 from 786,663 tonnes in January 2022, says the Malaysian Palm Oil Board (MPOB).

In a statement yesterday, MPOB said total palm oil inventory declined 2.12% month-on-month (m-o-m) to 1.52 million tonnes against 1.55 million tonnes, with processed palm oil inventory falling 4.01% to 733,82 million from 764,49 million tonnes previously.