KUALA LUMPUR – Malaysia’s crude palm oil (CPO) stocks for May 2022 declined 7.03% to 829,855 tonnes from 892,596 tonnes recorded in the previous month, according to the Malaysian Palm Oil Board (MPOB).
Processed palm oil inventory slid 7.77% month-on-month (m-o-m) to 691.911 tonnes from 750,215 tonnes, it said.
“Overall, palm oil stocks eased 7.37% to 1.52 million tonnes from 1.64 million tonnes previously.
“As for production, CPO output decreased by 0.07% to 1.461 million tonnes against 1.462 million tonnes in April,” MPOB said in its industry performance report for May 2022.
Palm kernel output dipped 3.34% to 354,895 tonnes from 367,159 tonnes in the preceding month, it said, adding that crude palm kernel oil production was 5.75% lower at 158,408 tonnes from 168,068 tonnes in April.
Meanwhile, MPOB said that palm oil exports improved 26.67% m-o-m to 1.36 million tonnes in May from 1.07 million tonnes in April, while palm kernel oil exports rose 8.95% m-o-m to 81,135 tonnes from 74,472 tonnes in the preceding month.
“Oleochemical exports dropped 8.17% m-o-m to 222,669 tonnes from 242,468 tonnes.
“However, biodiesel exports surged 97.97% m-o-m to 46,345 tonnes from 23,411 tonnes,” it said.
The agency said Malaysia did not import CPO in May 2022 compared with 6,931 tonnes imported in April, while total palm oil imports fell 33.87% to 50,768 tonnes from 76,771 tonnes in the preceding month. – Bernama, June 10, 2022
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