Top Stories
Top Stories
Wires

Malaysia end-April palm oil stocks drop 6.6 pct to 2.73 mln tonnes - MPOB

KUALA LUMPUR, May 10 (Reuters) - Malaysia's palm oil stockpiles at the end of April fell 6.6 percent from the previous month to 2.73 million tonnes, industry regulator the Malaysian Palm Oil Board (MPOB) said on Friday. Production in April dropped 1.4 percent month-on-month to 1.65 million tonnes. Exports rose 2 percent from March to 1.65 million tonnes last month, according to the MPOB data. A Reuters survey had forecast palm oil's end-April stockpiles to fall 5 percent to 2.77 million tonnes, while production was forecast to ease 1.9 percent to 1.64 million tonnes. Exports were expected to slightly gain 1.6 percent to 1.64 million tonnes. The following is a breakdown of the Malaysian Palm Oil Board figures and Reuters estimates for April:

(volumes in tonnes)

April 2019 April 2019 poll March 2019 April 2018Output 1,649,278 1,639,714 1,671,865 1,558,769Stocks 2,729,389 2,771,518 2,917,443 2,194,102Exports 1,651,249 1,643,918 1,617,659 1,530,406Imports 61,112 90,000 131,242 35,624

(Reporting by Emily Chow; Editing by Sherry Jacob-Phillips)