KUALA LUMPUR, March 10 (Reuters) – Malaysia’s palm oil
stocks at the end of February fell 5.3 percent to 1.46 million
tonnes from a month earlier, industry regulator the Malaysian
Palm Oil Board (MPOB) said on Friday.
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Output for February fell 1.4 percent from January to 1.26
million tonnes. Exports declined 14 percent to 1.11 million
tonnes.
A Thomson Reuters survey had pegged inventory levels to fall
4.4 percent to 1.47 million tonnes, and production to decline
4.5 percent to 1.22 million tonnes.
Exports were also seen dropping 11.9 percent to 1.13 million
tonnes.
The following is a breakdown of Malaysian Palm Oil Board
figures and Reuters estimates for February:
(volumes in tonnes)
Feb 2017 Feb 2017 poll Feb 2016 Jan 2017
Output 1,258,538 1,219,390 1,042,707 1,276,852*
Stocks 1,459,056 1,472,307 2,170,341 1,541,082*
Exports 1,107,011 1,130,000 1,088,864 1,286,800*
Imports 40,331 57,450 67,583 71,591
*denotes revised figures
(Reporting by Emily Chow; Editing by Sunil Nair)
