Malaysia's end-Aug palm oil stocks up 22.5 per cent
11 Sep 2023 08:01pm
Perak State Rural Development, Plantation, Agriculture and Food Industry Committee Chairman Datuk Zolkafly Harun (centre) sees the pollination process of the Cameroon Red Dwarf parent coconut tree at the Mardi Hybrid Coconut Launch Ceremony and the Mardi Perak Customer Meeting Day in Bagan Datuk. (BERNAMA PHOTO)
KUALA LUMPUR - Malaysia, the world's second-largest palm oil producer, saw its palm oil stocks rise 22.5 per cent month-on-month to 2.12 million tons at the end of August, official data showed Monday.
The data from the Malaysian Palm Oil Board (MPOB) showed that crude palm oil (CPO) production grew 8.91 per cent to 1.75 million tons.
Meanwhile, palm oil exports fell 9.78 per cent to 1.22 million tons.
Palm oil imports, on the other hand, climbed 6.53 percent to 110,621 tons. - XINHUA
