Malaysian Palm Oil stocks fall to eleven-month low in June: MPOB by admin- Wednesday, July 10th, 2019 08:21:15 PM
Palm oil inventories in Malaysia fell to their lowest in eleven months at the quit of June, the fourth month of declines, consistent with industry regulator facts.
End-stocks in June fell zero.97% to 2.Forty two million tonnes from May, information from the Malaysian Palm Oil Board (MPOB) showed. That is the bottom because July 2018.
Palm oil production in Malaysia fell to at least one.52 million tonnes in June, down 9.2% from May, and also the bottom because July final year. That brings Malaysia’s production for the primary half of the year to nine.Seventy nine million tonnes. This compares with output of eight.Nine million tonnes in the first-half of 2018.
Exports in June fell for the primary time in four months, down 19.35% from the previous month to one.38 million tonnes, its lowest due to the fact that February. Malaysia’s June palm imports were a hundred and one,250 tonnes.