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Update Malaysian Oct palm oil inventory up 3.5% m-o-m, CPO output up 3.1%

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Update Malaysian Oct palm oil inventory up 3.5% m-o-m, CPO output up 3.1% Empty Update Malaysian Oct palm oil inventory up 3.5% m-o-m, CPO output up 3.1%

Post by Cals Mon 11 Nov 2013, 14:30

Update Malaysian Oct palm oil inventory up 3.5% m-o-m, CPO output up 3.1%
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com   
Monday, 11 November 2013 14:01
KUALA LUMPUR (Nov 11): Malaysian palm oil inventory rose 3.46% to 1.85 million tonnes in October this year from 1.78 million tonnes in September, according to the Malaysian Palm Oil Board (MPOB).

In a statement today, MPOB said crude palm oil (CPO) production climbed 3.14% to 1.97 million tonnes from 1.91 million tonnes. Exports came in 3.33% higher at 1.66 million tonnes compared to 1.61 million tonnes.

"The import and export figures are based on information extracted from Customs No. 1 and 2 (Rev. 8/89) received up to 10.00 a.m., 11 November 2013. The export date refers to that as authorised by the Customs Department.

"The figures for the month of September 2013 are revised by taking into account corrections made by the licensees and from late receipt of Customs No. 1 and 2 (Rev. 8/89) after 10 October 2013," MPOB said.
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