KUALA LUMPUR: Malaysia's palm oil stocks at the end of January fell 11.83 per cent from the previous month to 2.02 million metric tons, more than expected, data from industry regulator the Malaysian Palm Oil Board (MPOB) showed on Tuesday.
Crude palm oil production declined 9.59 per cent from December to 1.40 million tons in January, while palm oil exports dropped 0.85 per cent to 1.35 million tons, MPOB said.
A Reuters survey forecast January's inventories at 2.14 million tons, a 6.62 per cent decline from the previous month, with output at 1.37 million tons and exports at 1.22 million tons. - Reuters