KUALA LUMPUR, Feb 13 (Reuters) - Malaysia's palm oil stocks at the end of January fell 11.83% from the previous month to 2.02 million metric tons, more than expected, data from industry regulator the Malaysian Palm Oil Board (MPOB) showed on Tuesday. Crude palm oil production declined 9.59% from December to 1.40 million tons in January, while palm oil exports dropped 0.85% to 1.35 million tons, MPOB said. A Reuters survey forecast January's inventories at 2.14 million tons, a 6.62% decline from the previous month, with output at 1.37 million tons and exports at 1.22 million tons. Following is a breakdown of the MPOB figures and Reuters estimates for January (volumes in tons) : January 2024 January 2024 December January poll 2023* 2023 Output 1,402,020 1,367,351 1,550,797 1,380,410 Stocks 2,019,781 2,139,592 2,291,167 2,268,198 Exports 1,350,574 1,219,007 1,362,145 1,135,498 Imports 29,494 40,000 40,062 144,937 *indicates revised figures by the Malaysian Palm Oil Board (Reporting by Danial Azhar; Editing by Kanupriya Kapoor)
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82.36 USD | +0.28% | +6.80% | - | ||
741 USD | +0.07% | -2.25% | - | ||
78.46 USD | +0.46% | +7.24% | - | ||
2,756 PTS | -0.73% | +0.30% | - | ||
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- Malaysia end-Jan palm oil stocks fall 11.83%, says MPOB