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Malaysia’s November Palm Oil Stocks Up 2.57 Per Cent – Bernama

Malaysia’s total palm oil stocks in November 2015 increased by 2.57 per cent to 2.91 million tonnes against the 2.84 million tonnes registered in the previous month.

The Malaysian Palm Oil Board (MPOB) in a statement Thursday said crude palm oil (CPO) stocks for November rose 2.64 per cent to 1.75 million tonnes against 1.71 million tonnes previously.

Processed palm oil stocks grew by 2.46 per cent to 1.16 million tonnes in November, it added.

Total CPO production eased 18.87 per cent to 1.65 million tonnes in November from 2.04 million tonnes previously.

The MPOB said exports of biodiesel and palm oil fell in November.

Exports of biodiesel for the month eased by 99.28 per cent to 82 tonnes from the 11,334 tonnes recorded in the previous month.

Exports of palm oil declined 12.43 per cent to 1.50 million tonnes compared with 1.71 million tonnes in October, it said.

Meanwhile, imports of CPO for November increased 0.61 per cent to 24,076 tonnes compared to 23,931 tonnes in the previous month, while total palm oil imports advanced 65.89 per cent to 121,819 tonnes.(BERNAMA)


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