KUALA LUMPUR, Dec 13 (NNN-BERNAMA) – Malaysia, the world’s second-largest palm oil producer, saw its palm oil stocks slip 4.98 percent from the previous month, to 2.29 million tonnes in Nov, official data showed, today.
According to the data, from the industry regulator, the Malaysian Palm Oil Board, Malaysia’s crude palm oil production in Nov fell 7.33 percent month on month, to 1.68 million tonnes.
Meanwhile, palm oil exports rose 0.92 percent month on month, to 1.52 million tonnes.
Malaysia’s palm oil imports, on the other hand, tumbled 31.88 percent month on month, to 47,047 tonnes.
