Malaysia’s total palm oil shares dropped 11% to 2.01 million tonnes in December 2019 from 2.26 million tonnes recorded inside the preceding month., according to trendy information from the Malaysian Palm Oil Board (MPOB).

Crude palm oil (CPO) shares decreased via 11.58% to 1.02 million tonnes in December from 1.15 million tonnes in November, while processed palm oil stocks lost 10.38% to 987,579 tonnes from 1.1 million tonnes formerly.

It also said CPO production depreciated 13.27% to at least one.33 million tonnes in December from 1.Fifty four million tonnes in November, at the same time as palm kernel output changed into 12.8% decrease at 316,24 tonnes from 362,641 tonnes.

“Palm oil exports inched down 0.67% in December to at least one.4 million tonnes from 1.Forty one million tonnes in November, at the same time as exports of oleo-chemical substances declined 8.Nine% to 261,229 tonnes as compared to 286,747 tonnes,” MPOB said.

Biodiesel exports in the month under evaluation, but, surged 1.70% to 44,904 tonnes from 44,153 tonnes in the preceding month, even as exports of palm kernel cake fell 7.53% to 205,07 tonnes from 221,772 tonnes.

Meanwhile, palm kernel oil exports went up through 2.Eighty three% in December 2019 to ninety two,431 tonnes from 89,886 tonnes within the previous month, it said.