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Soymeal News - Malaysia%EF%BF%BD%EF%BF%BD%EF%BF%BDs October Crude Palm Oil Stocks Rose 5.97 Percent: MPOB
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Malaysia’s October Crude Palm Oil Stocks Rose 5.97 Percent: MPOB

According to Malaysia Palm Oil Board (MPOB), Malaysia’s October Crude palm oil stocks rose 5.97 percent to 9.86 lakh tons compared to 9.30 lakh tons in September 2021. Production of palm oil in September rose 1.30 percent to 17.25 lakh tons compared to 17.03 lakh tons in September 2021. Exports of palm oil in October fell 12.03 percent to 14.17 lakh tons compared to 16.11 lakh tons in September 2021. Imports of palm oil in October rose to 50,450 tons from 74,992 tons of imports in previous month. Stocks of palm oil rose to trade expectation of rise in stocks due to fall in exports.