CPO Stocks Fall In Nov 2021 On Lower Production, Higher Exports

CPO Stocks Fall In Nov 2021 On Lower Production, Higher Exports

by admin- Tuesday, December 14th, 2021 07:53:06 AM

Malaysian crude palm oil (CPO) shares for November 2021 fell 4.Forty five per cent to 942,354 tonnes from 986,239 tonnes recorded inside the previous month on decrease production at the same time as exports were better, the Malaysian Palm Oil Board (MPOB) stated these days.

It said the sector’s 2d-biggest palm oil manufacturer’s give up-November processed palm oil stock progressed 3.09 in keeping with cent month-on-month (m-o-m) to 874,525 tonnes from 848,329 tonnes.

In a announcement, MPOB stated usual, palm oil stocks slipped 0.Ninety six according to cent to at least one.82 million tonnes from 1.83 million tonnes formerly.

As for production, CPO output reduced 5.27 consistent with cent to one.Sixty three million tonnes towards 1.72 million tonnes in October.

The output of palm kernel dropped 5.89 according to cent to 388,562 tonnes from 412,882 tonnes inside the preceding month, it stated, including that crude palm kernel oil manufacturing was 7.Seventy nine consistent with cent decrease at 179,565 tonnes from 194,736 tonnes in October.

Meanwhile, MPOB said that palm oil exports rose three.30 in keeping with cent m-o-m to one.Forty six million tonnes in November versus 1.Forty two million tonnes in October, whilst palm kernel oil exports jumped 30.44 consistent with cent m-o-m to 123,half tonnes as compared with the 94,302 tonnes inside the previous month.

“Oleochemical exports also inched up 3.42 per cent m-o-m to 254,424 tonnes from 246,014 tonnes even as biodiesel exports soared a hundred and sixty.22 according to cent m-o-m to 49,973 tonnes from 19,204 tonnes,” it said. – Bernama

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