KUALA LUMPUR, 10 Jan 2023 — Malaysia’s total palm oil stocks slipped 4.09 per cent to 2.19 million tonnes in December last year from 2.29 million tonnes recorded the month before.
Malaysian Palm Oil Board (MPOB) said that crude palm oil (CPO) stocks fell by 0.87 per cent to 1.29 million tonnes in December from 1.30 million tonnes in November.
In its industry performance report for December 2022, MPOB said processed palm oil stocks decreased 8.36 per cent to 902,643 tonnes from 984,936 tonnes previously.
“CPO production slipped 3.68 per cent to 1.62 million tonnes in December from 1.68 million tonnes in November while palm kernel output was 2.00 per cent lower at 399,446 tonnes,” MPOB said.
According to MPOB, palm oil exports decreased by 3.48 per cent in December to 1.47 million tonnes from 1.52 million tonnes in November while exports of oleo-chemicals inched up 0.19 per cent to 228,018 tonnes compared with 227,576 tones.
MPOB said biodiesel exports in December slid 17.14 per cent to 15,002 tonnes from the preceding month while exports of palm kernel cake bounced 22.45 per cent to 222,427 tonnes from 181,642 tonnes.
Palm kernel oil exports jumped 70.70 per cent in December to 134,429 tonnes from November.
CPO imports in December increased 34.52 per cent month-on-month to 15,453 tonnes against 11,488 tonnes in the previous month while total palm oil imports added 0.14 per cent m-o-m to 47,114 tonnes from the preceding month.
— Akses Malaysia