Malaysia end-Aug palm oil stocks jump 25% to 1.87 mln T -MPOB

  • 9/10/2021
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KUALA LUMPUR, Sept 10 (Reuters) - Malaysia’s end-August palm oil stocks climbed 25.28% from July to 1.87 million tonnes, data from industry regulator the Malaysian Palm Oil Board (MPOB) showed on Friday. Crude production rose 11.8% to 1.7 million tonnes, while palm oil exports fell 17.06% to 1.16 million, the regulator said. A Reuters survey pegged the stockpile to rise 16.3% to 1.74 million tonnes, its highest since June last year. Production was seen rising 11.2% to 1.7 million tonnes. Exports were forecast to fall 12.3% to 1.24 million tonnes. (Reporting by Mei Mei Chu; Editing by Clarence Fernandez) Our Standards: The Thomson Reuters Trust Principles.

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