CPO stocks decline, output rises in March

KUALA LUMPUR: Malaysia’s crude palm oil (CPO) stocks fell to 764,079 tonnes in March 2022, contracting 2.60% or 20,409 tonnes from 784,488 tonnes in February 2022, said the Malaysian Palm Oil Board (MPOB), Bernama reported.

MPOB in a statement said total palm oil inventory declined 2.99% month-on-month (m-o-m) to 1.47 million tonnes from 1.51 million tonnes, with processed palm oil inventory dipping 3.41% to 708,731 tonnes from 733,750 tonnes previously.