Malaysia's end-Aug palm oil stocks up 22.5 pct-Xinhua

Malaysia's end-Aug palm oil stocks up 22.5 pct

Source: Xinhua

Editor: huaxia

2023-09-11 19:37:16

KUALA LUMPUR, Sept. 11 (Xinhua) -- Malaysia, the world's second-largest palm oil producer, saw its palm oil stocks rise 22.5 percent month-on-month to 2.12 million tons at the end of August, official data showed Monday.

The data from the Malaysian Palm Oil Board (MPOB) showed that crude palm oil (CPO) production grew 8.91 percent to 1.75 million tons.

Meanwhile, palm oil exports fell 9.78 percent to 1.22 million tons.

Palm oil imports, on the other hand, climbed 6.53 percent to 110,621 tons.