Malaysia's end-Sept palm oil stocks up 1.45 pct m/m - MPOB
KUALA LUMPUR, Oct 10 (Reuters) - Malaysia's palm oil
stockpiles at the end of September slightly rose 1.45 percent
from the previous month to 2.54 million tonnes, industry
regulator the Malaysian Palm Oil Board (MPOB) said on Wednesday.
Production in September rose 14.38 percent from the previous
month to 1.85 million tonnes, while exports rose 47.18 percent
from August to 1.62 million tonnes, according to the MPOB data.
A Reuters survey had forecast palm oil's end-September
stockpiles to edge down 0.7 percent to 2.47 million tonnes,
while production was seen up 14.7 percent at 1.86 million
tonnes. Exports were also forecast to jump 50 percent to 1.65
million tonnes.
The following is a breakdown of the Malaysian Palm Oil Board
figures and Reuters estimates for September:
(volumes in tonnes)
Sept 2018 Sept 2018 poll Sept 2017 Aug 2018
Output 1,853,601 1,861,500 1,779,918 1,620,605*
Stocks 2,541,152 2,471,000 2,015,922 2,504,874*
Exports 1,618,702 1,649,500 1,519,284 1,099,776*
Imports 61,599 75,019 41,173 80,191
*denotes revised figures
(Reporting by Emily Chow; Editing by Gopakumar Warrier)