Malaysia October CPO Output 1.94 Mln Tons, Down 3.3% on Month -MPOB

 

By Shie-Lynn Lim 

KUALA LUMPUR–Malaysia produced 1.94 million metric tons of crude palm oil in October, down 3.3% from a month earlier, the Malaysian Palm Oil Board said in a monthly report Monday.
End-October palm oil stocks nudged up 1.1% from end-September to an all-time high of 2.51 million tons, although the figure is lower than market expectations of 2.70 million-2.82 million tons, MPOB data showed.
October palm oil exports rose 16% to 1.76 million tons, the data showed.
Details of October crop data and revised numbers for September, issued by MPOB, follow:

                          October       September    Change
                                                     On Month
Crude Palm Oil Output     1,938,430     2,004,238    Dn  3.3%
Palm Oil Exports          1,758,052     1,513,461    Up 16.2%
Palm Kernel Oil Exports      99,853        95,782    Up  4.3%
Palm Oil Imports             55,937        32,830    Up 70.4%
Closing Stocks            2,508,644     2,480,990    Up  1.1%
Crude Palm Oil            1,563,221     1,606,701    Dn  2.7%
Processed Palm Oil          945,423       874,289    Up  8.1% 

(All figures are in metric tons) 

Write to Shie-Lynn Lim at shie-lynn.lim@dowjones.com
(END) Dow Jones Newswires
November 11, 2012 23:46 ET (04:46 GMT)
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