Malaysia end-November palm oil stocks up 13% m/m, MPOB says

Malaysia’s palm oil stocks at the end of November rose 13.0% from the previous month to 2.84 million metric tons, data from the industry regulator showed on Wednesday.

Crude palm oil production fell 5.3% in November from October to 1.94 million tons, while palm oil exports plunged 28.1% to 1.21 million tons, the Malaysian Palm Oil Board (MPOB) said.

A Reuters survey had forecast inventories at 2.66 million tons, with output seen at 1.98 million tons and exports at 1.44 million tons.
Source: Reuters