DJ Malaysia's End-Feb Palm Oil Stocks 2.44 Mln Tons; Down 5.2% on Month -MPOB

Mar 11, 2013 (Dow Jones Commodities News Select via Comtex) --

By Shie-Lynn Lim

KUALA LUMPUR--Malaysia's palm oil inventories at the end of February eased 5.2% from the previous month to 2.44 million metric tons, the lowest level in six months, the Malaysian Palm Oil Board said Monday.
The figure is lower than market expectations of 2.46 million tons.
In its monthly report, the industry regulator said crude palm oil output in February fell 19% from the previous month to 1.30 million tons, and exports fell 14% to 1.40 million tons.
The following are details of the February crop data and revised figures for January, issued by MPOB:

February      January     Change
                                                     On Month
Crude Palm Oil Output     1,295,576     1,602,492    Dn 19.2%
Palm Oil Exports          1,397,860     1,624,973    Dn 13.9%
Palm Kernel Oil Exports     101,093       103,121    Dn  1.9%
Palm Oil Imports             94,141       103,816    Dn  9.3%
Closing Stocks            2,443,741     2,578,509    Dn  5.2%
Crude Palm Oil            1,402,283     1,560,054    Dn 10.1%
Processed Palm Oil        1,041,458     1,018,455    Up  2.3%

(All figures are in metric tons)

Write to Shie-Lynn Lim at shie-lynn.lim@dowjones.com
(END) Dow Jones Newswires
03-11-13 0039ET


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