11:04, 10.10.2014 — Новости
автор: OilWorld.Ru

Malaysia September CPO Output 1.9 Million Metric Tons, Down 6.6%


Malaysia’s palm oil stockpiles rose to an 18-month high at the end of September, although exports surged 13% from August, said the Malaysian Palm Oil Board Friday. Production fell 6.6% from a month earlier.

The sharp rise in exports was likely due to an export tax waiver on crude palm-oil shipments for September and October, as authorities seek to reduce stockpiles amid a price decline.

Palm-oil exports have been under pressure due to prospects of an abundant soybean crop this year, which makes soybean oil prices attractive. Supply of other oilseeds have also been healthy.

The following are details of the September crop data and revised numbers for August issued by MPOB:

(All figures in metric tons)

                          September        August    Change 
                                                     On Month 
Crude Palm Oil Output     1,896,899     2,031,754    Dn  6.6% 
Palm Oil Exports          1,628,197     1,437,503    Up 13.3% 
Palm Kernel Oil Exports     104,760        71,272    Up 47.0% 
Crude Palm Oil Imports        2,670         2,523    Up  5.8% 
 
Closing Stocks            2,089,859     2,053,175    Up  1.8% 
Crude Palm Oil            1,178,046     1,133,453    Up  3.9% 
Processed Palm Oil          911,813       919,722    Dn  0.9% 
 
(All figures are in metric tons)

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