Malaysia's end-June palm oil inventories edge up 0.8 pct m/m - MPOB
KUALA LUMPUR, July 10 (Reuters) - Malaysia's palm oil
stockpiles at the end of June rose 0.8 percent from the previous
month to 2.19 million tonnes, industry regulator the Malaysian
Palm Oil Board (MPOB) said on Tuesday.
Production in June fell 12.6 percent from May to 1.33
million tonnes, while exports declined 12.6 percent from the
previous month to 1.13 million tonnes, according to the MPOB
data.
A Thomson Reuters survey had forecast palm oil stockpiles to
fall 1.2 percent to 2.15 million tonnes at the end of June.
Production was seen falling 11.1 percent to 1.36 million tonnes,
while exports were also forecast to decline 7.8 percent to 1.19
million tonnes.
The following is a breakdown of the Malaysian Palm Oil Board
figures and Reuters estimates for June:
(volumes in tonnes)
June 2018 June 2018 poll June 2017 May 2018
Output 1,332,705 1,356,500 1,514,255 1,525,405
Stocks 2,188,660 2,145,000 1,526,839 2,170,620*
Exports 1,129,088 1,190,000 1,379,888 1,291,365*
Imports 85,889 35,624 45,828 32,260
*denotes revised figures
(Reporting by Emily Chow; Editing by Christian Schmollinger)