Malaysia’s palm oil stocks fell 10.54 percent in April

Published 2023년 5월 11일

Tridge summary

In April 2023, Malaysia experienced a significant decrease in its palm oil stocks and production. According to the Malaysian Palm Oil Board (MPOB), total palm oil stocks dropped by 10.54% to 1.50 million tonnes, crude palm oil (CPO) stocks decreased by 6.53% to 833,677 tonnes, and processed palm oil stocks fell by 15.11% to 782,061 tonnes. The production of CPO and palm kernel also saw a decrease by 7.13% to 1.20 million tonnes and 9.36% to 293,454 tonnes, respectively. Additionally, palm oil exports fell by 27.78% to 1.07 million tonnes, oleo-chemical exports decreased by 15.22% to 221,484 tonnes, biodiesel exports dropped by 86.79% to 4,242 tonnes, and total palm oil imports decreased by 15.32% to 30,546 tonnes.

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Original content

Malaysia’s total palm oil stocks fell 10.54 per cent to 1.50 million tonnes in March from 1.67 million tonnes in the previous month. The Malaysian Palm Oil Board (MPOB), in its industry performance report for April 2023, said that crude palm oil (CPO) stocks decreased by 6.53 per cent to 833,677 tonnes in April from 891,961 tonnes in March. Processed palm oil stocks declined 15.11 per cent to 782,061 tonnes from 663,858 tonnes previously. CPO production also shrank 7.13 per cent to 1.20 million tonnes in April from 1.29 million tonnes in March, while palm kernel output went down 9.36 per cent to 293,454 tonnes from 323,743 tonnes. “Palm oil exports decreased by 27.78 per cent in April to 1.07 million tonnes from 1.49 million tonnes in March while oleo-chemical exports fell 15.22 per cent to 221,484 tonnes,“ it said. MPOB said biodiesel exports in April dropped 86.79 per cent to 4,242 tonnes from the preceding month’s 32,127 tonnes, while exports of palm kernel cake eased 11.93 per ...

Source: UkrAgroConsult