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KUALA LUMPUR – Malaysia’s crude palm oil (CPO) stocks grew to 891,779 tonnes in April 2022, up 17.4% from the 759,732 tonnes recorded in March, on higher production, according to the Malaysian Palm Oil Board (MPOB).
MPOB said in a statement today that processed palm oil inventory also rose 5.2% month-on-month (m-o-m) to 750,215 tonnes from 713,112 tonnes previously.
Overall, palm oil stocks improved 11.5% to 1.64 million tonnes from 1.47 million tonnes in March, the agency added.
As for production, MPOB said CPO output increased 3.6% m-o-m to 1.46 million tonnes against 1.41 million tonnes previously.
Palm kernel output rose 2.23% to 367,159 tonnes from 359,165 tonnes in the preceding month while crude palm kernel oil production jumped 4.59% to 168,068 tonnes from 160,693 tonnes in March.
Meanwhile, palm oil exports dropped by 17.7% m-o-m to 1.05 million tonnes in April versus 1.28 million tonnes in March, it said.
Exports of palm kernel oil, however, grew 7.2% m-o-m to 74,203 tonnes compared with 69,221 tonnes in the preceding month.
Oleochemical exports slipped 0.46% m-o-m to 242,863 tonnes in April from 243,978 tonnes previously, while biodiesel exports surged 47.68% m-o-m to 23,411 tonnes from 15,853 tonnes, it said. – Bernama, May 10, 2022