December palm oil stocks up 0.15 pct to 1.67 mln tonnes

KUALA LUMPUR: Malaysia’s total palm oil stocks in December 2016 gained 0.15 per cent to 1.67 million tonnes against 1.66 million tonnes in November.

In a statement yesterday, the Malaysian Palm Oil Board (MPOB) said crude palm oil (CPO) stocks fell by 2.26 per cent to 876,647 tonnes in December from 896,936 previously.

It said the stocks of processed palm oil improved by 2.99 per cent to 788,741 tonnes in December versus 765,875 tonnes in November.

On production, it said, December CPO output declined to 1.47 million tonnes from 1.57 million tonnes in November.

Palm kernel output slipped to 346,520 tonnes in December compared with 365,729 tonnes in November, it said.

On export, the board said, the offtake of biodiesel in December declined to 55 tonnes versus 13,568 tonnes in November while palm oil slipped to 1.27 million tonnes compared with 1.37 million tonnes in November.

MPOB said palm kernel oil export rose to 78,818 tonnes from 74,772 tonnes in November.

Palm kernel cake export eased to 195,855 tonnes in December from 196,582 tonnes in November but oleochemicals improved to 223,835 tonnes from 218,769 tonnes in November, it said. — Bernama

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