KUALA LUMPUR : Malaysia’s palm oil stocks at the end of February fell to a 22-month low of 1.51 million metric tons, a decline of 4.31 per cent from the previous month, data from the industry regulator showed on Monday.
Crude palm oil production was down 4.16 per cent in February from January at 1.19 million tons, while palm oil exports fell 16.27 per cent to 1 million tons, according to the Malaysian Palm Oil Board, or MPOB.
A Reuters survey had forecast inventories at 1.48 million tons, with output seen at 1.16 million tons and exports at 1.05 million tons.
Following is a breakdown of the Malaysian Palm Oil Board figures and Reuters estimates for February (volumes in tons)[PALM/POLL]:
February February 2025 January
2025 poll 2025 February
2024
Output
1,188,029 1,155,000 1,239,545
* 1,259,383
Stocks
1,512,100 1,484,061 1,580,252
* 1,920,113
Exports
1,002,135 1,050,000 1,196,849
* 1,024,526
Imports
66,784 70,000 88,474 32,556
*indicates revised figures by the Malaysian Palm Oil Board
Source: CNA
