UPDATE 1-Malaysia end-October palm oil stocks snaps rising streak, first decline since July

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(Adds table) KUALA LUMPUR, Nov 11 (Reuters) - Malaysia's palm oil stocks at the end of October fell 6.32% from the previous month to 1.88 million metric tons, the first decline in inventory in three months, data from the industry regulator showed on Monday. Crude palm oil production was down 1.35% in October from September to 1.80 million tons, while palm oil exports ticked up 11.07% to 1.73 million tons, the Malaysian Palm Oil Board (MPOB) said. A Reuters survey had forecast inventories at 1.92 million tons, with output seen at 1.76 million tons and exports at 1.63 million tons. PALM/POLL Following is a breakdown of the Malaysian Palm Oil Board figures and Reuters estimates for October (volumes in tons) PALM/POLL : October 2024 October 2024 September October poll 2024 2023 Output 1,797,348 1,763,638 1,821,933 1,937,224 Stocks 1,884,597 1,920,443 2,011,768* 2,447,038 Exports 1,732,448 1,629,973 1,559,846* 1,480,686 Imports 16,347 10,000 5,482 47,557 *indicates revised figures by the Malaysian Palm Oil Board (Reporting by Ashley Tang; Editing by Martin Petty) (([email protected];))
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Published Date
11 Nov 2024 at 1:09 PM
Publisher
Refinitiv
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