Based On MPOB Palm Oil Stocks in Malaysian Fall 4% on Month

The newest data research reported that palm oil stocks in Malaysia fell into 13.75% year on year to 2.348 million mt in October 2019, or approximately 4.1% month on month. Therefore, based on the owner of Singapore-based Palm Oil Analytics, Sathia Varqa, she said that "MPOB's the latest report was more optimistic than wished"

Sathia Varqa also said that "the general market expectation still remain ranging from 1% to 3.7%. This is beyond our expectation when we knew that exports climbed up to 16.43% to 1.641 million mt against lower than general production which can cause stocks lower,".

That's why we all know that the production of palm oil in Malaysian lately, fell 2.53% month on month to 1.795 million mt in October 2019, in the other hand, based on MPOB data, exports field precisely climbed significantly.

Palm oil delivery to India slumped 29.19% month on month to 219,956 mt while shipment to China climbed up to 23.78% month on month to 275,442 mt. Nevertheless palm shipment to India was regarded as 121% higher year on year. Exports to Pakistan fell 31.58% month on month to 81,618 mt, meanwhile to EU were up 42.36% at 209,031 mt.***
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