malaysia’s-palm-oil-stocks-down-6.56-percent-month-on-month-in-feb

AsiaNewsToday

AsiaNewsToday

Malaysia’s Palm Oil Stocks Down 6.56 Percent Month-On-Month In Feb

KUALA LUMPUR, Mar 11 (NNN-BERNAMA) – Malaysia’s palm oil stocks fell 6.56 percent from Jan to 2.12 million tonnes in Feb, official data showed, yesterday. According to the Malaysian Palm Oil Board, Malaysia’s crude palm oil production also decreased by 9.35 percent, month-on-month, to 1.25 million tonnes in Feb.

Meanwhile, the country’s palm oil exports slipped 1.99 percent month-on month, to 1.11 million tonnes.

Palm oil imports, on the other hand, plunged 63.81 percent, month-on-month, to 52,446 tonnes.

– NNN-BERNAMA

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