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Soymeal News - Malaysia%EF%BF%BD%EF%BF%BD%EF%BF%BDs August Crude Palm Oil Stocks Rose 35.07 Percent: MPOB
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Malaysia’s August Crude Palm Oil Stocks Rose 35.07 Percent: MPOB

According to Malaysia Palm Oil Board (MPOB), Malaysia’s August Crude palm oil stocks rose 35.07 percent to 9.51 lakh tons compared to 7.03 lakh tons in July 2021. Production of palm oil in August rose 11.80 percent to 17.02 lakh tons compared to 15.23 lakh tons in July 2021. Exports of palm oil in August fell 17.06 percent to 11.62 lakh tons compared to 14.02 lakh tons in July 2021. Imports of palm oil in August rose to 91,408 tons from 54,381 tons of imports in previous month. Stocks of palm oil rose to trade expectation of rise in stocks. Rise in stocks is mainly due to higher production and lower exports.