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DECEMBER END MALAYSIA PALM OIL STOCKS FALL BY 4.64% - vyaparsampark.com
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December 2023, end Malaysian palm oil inventory fell by 4.64% from November to 2.29 million tons the lowest in last 3 months according MPOB. CPO production (Crude Palm Oil) fell by 13.31% from November 2023 to 1.55 million tons in December, while palm oil exports fell by 5.12% to 1.33 million tons as per Malaysian palm oil Board’s data. Palm oil futures for March delivery up by RM 25 or 0.67% to RM 3757 ($ 807.96) per ton.