Malaysia's Oct palm oil inventory growth slows

10.11.2016

Malaysia's October palm oil inventory rose 1.79% to 1.57 million tonnes from the preceding month, as output fell at a faster pace than exports.
 
In a statement today, the Malaysian Palm Oil Board (MPOB) said crude palm oil (CPO) production fell 2.17% to 1.68 million tonnes, while total palm oil exports dropped 1.39% to 1.43 million tonnes.

Palm oil inventory includes CPO and processed palm oil, according to MPOB.

October inventory's 1.79% growth slowed from a rise in September. In September, palm oil inventory rose 5.62% to 1.55 million tonnes, from a month earlier.


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