Palmoilmagazine.com, KUALA LUMPUR – Palm oil stock in Malaysia experienced a significant surge in May 2023, with a 12.6% increase from the previous month. The total stock reached 1.69 million tons compared to 1.50 million tons in April.
According to the Malaysian Palm Oil Board (MPOB), the stock of crude palm oil (CPO) in Malaysia rose by 10.7% to reach 921,800 tons in May 2023, compared to 832,966 tons in April. Furthermore, derivative products also witnessed a notable increase of 15.1%, totaling 764,982 tons in May compared to 664,651 tons in April.
Still from MPOB, CPO production escalated 26,8% to be 1,52 million tons in Mei while in April it reached 1,20 million tons, palm kernel export increased 25,1% to be 367.689 tons from 293.919 tons.
Read more : CPO Price at Malaysia Exchange Increased 3,8 Percent
Read more : Malaysia’s CPO Price Declines: Traders Anticipate Export Data
Read more : IHSG Escalated 0,83 Point or 0,013 percent to be at Level 6.618,76
MPOB continued Malaysia CPO exports decreased only 0,8%, or about 8.521 tons, to be 1,08 million tons in May while in April they reached 1,09 million tons. Oleo-chemical exports increased 2,5% to be 227.043 tons.
As Palmoilmagazine.com quoted from Bernama, biodiesel exports increased 219,8% to be 13.568 tons in May from 4.242 tons in April; palm cake export increased 4,2% to be 177.877 tons from the previous month that reached 170.772 tons. Palm kernel oil exports increased 6,1% to be 93.804 tons while in April they reached about 88.447 tons. (T2)
