MPOB: CPO stocks decline 7.03% in May 2022

KUALA LUMPUR: Malaysia’s crude palm oil (CPO) stocks for May 2022 declined 7.03 per cent to 829,855 tonnes from 892,596 tonnes recorded in the previous month, according to the Malaysian Palm Oil Board (MPOB).

Processed palm oil inventory slid 7.77 per cent month-on-month (m-o-m) to 691.911 tonnes from 750,215 tonnes, it said.