MPOB: CPO stocks fall in December 2021 on lower production, export
KUALA LUMPUR (Jan 10): Malaysian crude palm oil (CPO) stocks for December 2021 fell 11.89% to 830,339 tonnes from 942,354 tonnes in the previous month on lower production and export, the Malaysian Palm Oil Board (MPOB) said.
The world’s second-largest palm oil producer’s end-December processed palm oil inventory also declined 13.95% month-on-month (m-o-m) to 752,701 tonnes from 874,707 tonnes, an MPOB statement said on Monday (Jan 10).
The MPOB said overall, stocks slipped 12.88% to 1.58 million tonnes from 1.82 million tonnes previously.
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