Friday, 10 February 2017

January palm oil stocks down 7.55% to 1.54m tonnes

 Klse Investment Tips

KUALA LUMPUR: Malaysia's aggregate palm oil stocks in January 2017 slipped 7.55% to 1.54 million tons against 1.67 million tons in December a year ago. 

In an announcement on Friday, the Malaysian Palm Oil Board (MPOB) said unrefined palm oil (CPO) stocks fell 10.63% to 783,844 tons in January from 877,082 in the earlier month. 

It said supplies of prepared palm oil additionally dropped 4.13% to 756,988 tons in January against 788,741 tons in December a year ago. 

On generation, it stated, January CPO yield declined to 1.28 million tons from 1.47 million tons in December. 

Palm portion yield slipped to 310,224 tons in January contrasted and 346,520 tons a month prior. 

On fares, the board stated, the offtake of biodiesel in January surged to 401 tons versus 55 tons in December, while palm oil expanded to 1.28 million tons contrasted and 1.27 million tons in December. 

The MPOB said palm part oil sends out slid to 64,631 tons from 78,818 tons in December. 

Palm part cake send out facilitated to 187,017 tons in January from 195,855 tons in December, while oleochemicals enhanced to 211,293 tons from 223,835 tons. - Bernama

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