Malaysia end-Oct palm oil stocks fall to 2.3 mln T -MPOB

KUALA LUMPUR, Nov 11 (Reuters) - Malaysia's palm oil stockpiles stood at 2.3 million tonnes at the end of October, down 4.1% from the previous month, industry regulator the Malaysian Palm Oil Board (MPOB) said on Monday. October's output in the world's second-largest palm producer was down 2.5% at 1.8 million tonnes versus the previous month, while exports were up 16.4% from September, at 1.6 million tonnes, MPOB data showed. A Reuters survey had forecast palm oil stockpiles at the end of October to rise 2.8% to a seven-month high of 2.52 million tonnes. Production was seen gaining 2% to 1.88 million tonnes, and exports were seen up 13.1%, at 1.59 million tonnes. Here is a breakdown of the Malaysian Palm Oil Board figures and Reuters estimates for September (volumes in tonnes): Oct 2019 Oct 2019 poll Sept 2019 Oct 2018 Output 1,795,880 1,879,282 1,842,433 1,964,954 Stocks 2,348,066 2,516,000 2,448,272 2,722,391 Exports 1,641,743 1,594,000 1,409,945 1,571,169 Imports 85,034 52,000 71,112 117,269 *indicates revised figures by the Malaysian Palm Oil Board (Reporting by Joseph Sipalan; Editing by Clarence Fernandez)