Malaysia end-October palm oil stocks snaps rising streak, first decline since July

KUALA LUMPUR: Malaysia's palm oil stocks at the end of October fell 6.32% from the previous month to 1.88 million metric tons, the first decline in inventory in three months, data from the industry regulator showed on Monday.

Crude palm oil production was down 1.35% in October from September to 1.80 million tons, while palm oil exports ticked up 11.07% to 1.73 million tons, the Malaysian Palm Oil Board (MPOB) said.

A Reuters survey had forecast inventories at 1.92 million tons, with output seen at 1.76 million tons and exports at 1.63 million tons. - Reuters

*indicates revised figures by the Malaysian Palm Oil Board