Malaysia August CPO Output 1.66 Mln Tons, Down 1.7% on Month -MPOB

By Shie-Lynn Lim 

KUALA LUMPUR–Malaysia; August crude palm oil output fell 1.7% from July to 1.66 million metric tons, the Malaysian Palm Oil Board said in a monthly report Monday.

August production is also down 0.3% from a year earlier, according to data from the industry regulator.
January-August overall palm oil production fell 6.7% to 11.2 million tons from 12.01 million tons.

MPOB said end-August palm oil stocks rose 5.8% from end-July to 2.12 million tons, the highest since last October.

August palm oil exports rose 10% on month to 1.43 million tons, MPOB data showed.
Details of August crop data and revised numbers for July, issued by MPOB, follow:

                            August           July     Change
                                                     On Month
Crude Palm Oil Output     1,662,706     1,691,916    Dn  1.7%
Palm Oil Exports          1,426,920     1,296,653    Up 10.1%
Palm Kernel Oil Exports      90,474        62,073    Up 45.8%
Palm Oil Imports             65,172        86,476    Dn 24.6%
Closing Stocks            2,115,214     1,999,066    Up  5.8%
Crude Palm Oil            1,193,906       953,679    Up 25.2%
Processed Palm Oil          921,308     1,045,387    Dn 11.9% 

(All figures are in metric tons) 

Write to Shie-Lynn Lim at shie-lynn.lim@dowjones.com
(END) Dow Jones Newswires
September 10, 2012 00:41 ET (04:41 GMT)
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