MPOB: CPO stocks up 13.25% in August 2022

KUALA LUMPUR: Malaysia’s crude palm oil (CPO) stocks for August 2022 increased by 13.25 per cent to 1.02 million tonnes from 905,946 tonnes in July, according to the Malaysian Palm Oil Board (MPOB).

Additionally, processed palm oil inventory rose 23.29 per cent month-on-month (m-o-m) to 1.07 million tonnes from 866,858 tonnes previously, it said in a statement on the Malaysian palm oil industry’s performance for August 2022.