Malaysia's palm oil stocks slide 6.56% in Feb

KUALA LUMPUR: Malaysia’s total palm oil stocks dropped by 6.56 per cent to 2.11 million tonnes in February 2023 from 2.26 million tonnes recorded in the preceding month, said the Malaysian Palm Oil Board (MPOB).

In a statement today, MPOB said crude palm oil (CPO) stocks decreased by 7.69 per cent to 1.16 million tonnes in February from 1.25 million tonnes in January, while processed palm oil stocks lost 5.15 per cent to 959,451 tonnes from 1.01 million tonnes previously.