Malaysia End-November Palm Oil Stocks 1.98 Mln Tons; Up 7.2% on Month - MPOB

By Shie-Lynn Lim

KUALA LUMPUR–Palm-oil inventories in Malaysia, the world's second-largest producer after Indonesia, reached 1.98 million metric tons at the end of November, a level not seen since March, as export demand dipped, data from the Malaysian Palm Oil Board showed Tuesday.

The figure represents an increase of 7.2% from the previous month.

Crude palm-oil output in November fell 5.6% from the previous month to 1.86 million tons and exports were down 8.7% on month at 1.52 million tons, the industry regulator said in its monthly report.

The following are details of the November crop data and revised numbers for October, issued by the MPOB

                      

	October	November	Change On Month
Crude Palm Oil Output	1,972,278	1,861,114	Down 5.6%
Palm Oil Exports	1,664,743	1,520,712	Down 8.7%
Palm Kernel Oil Exports	105,037	98,953	Down 5.8%
Palm Oil Imports	22,503	14,859	Down 33.9%
Closing Stocks	1,845,936	1,977,895	Up 7.2%
Crude Palm Oil	1,037,960	1,131,486	Up 9.0%
Processed Palm Oil	807,976	846,409	Up 4.8%

           

 (All figures are in metric tons)

Write to Shie-Lynn Lim at shie-lynn.lim@dowjones.com

(END) Dow Jones Newswires

December 09, 2013 23:43 ET (04:43 GMT)

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