Malaysia’s palm oil output in March rose 20% from the previous month to 1.39 million metric tons, the Malaysian Palm Oil Board said Monday.
CPO output totaled 1.16 million tons in February.
MPOB said in its monthly report that CPO exports rose 7.7% to 1.39 million tons in March. The country exported 1.29 million tons in February.
Palm oil inventories totaled 1.65 million tons at the end of March, the lowest stock level since September 2009, down 7.5% from 1.79 million tons in February.
March crop data and revised numbers for February, issued by MPOB:
March February Change
On Month
Crude Palm Oil Output 1,387,234 1,156,814 Up 19.9%
Palm Oil Exports 1,393,999 1,294,915 Up 7.7%
Palm Kernel Oil Exports 92,886 97,710 Dn 4.9%
Palm Oil Imports 35,404 50,469 Dn 29.9%
Closing Stocks 1,654,966 1,789,194 Dn 7.5%
Crude Palm Oil 849,226 934,967 Dn 9.2%
Processed Palm Oil 805,740 854,227 Dn 5.7%
(All figures are in metric tons)
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