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Malaysia end-July palm oil stocks slip to 2.39 mln tonnes - MPOB

KUALA LUMPUR, Aug 13 (Reuters) - Malaysia's palm oil stockpiles at the end of July fell by 0.8% from the previous month to 2.39 million tonnes, industry regulator the Malaysian Palm Oil Board (MPOB) said on Tuesday. Palm oil output in July in the world's second-largest palm producer gained 15.1% month-on-month to 1.74 million tonnes, while exports also rose 7.4% from June to 1.49 million tonnes in July, according to the MPOB data. A Reuters survey had forecast palm oil stockpiles at the end of July to rise 1.8% to 2.47 million tonnes. Production was seen gaining 11.4% to 1.69 million tonnes, while exports were also seen up by 3.8% to 1.44 million tonnes. The following is a breakdown of the Malaysian Palm Oil Board figures and Reuters estimates for July:

(volumes in tonnes)

July 2019 July 2019 poll June 2019 July 2018Output 1,738,356 1,692,000 1,510,835* 1,503,220Stocks 2,391,677 2,468,000 2,410,746* 2,231,550Exports 1,485,216 1,435,000 1,383,216* 1,196,672Imports 36,664 80,000 101,250 44,030*indicates revised figures by the Malaysian Palm Oil Board

(Reporting by Emily Chow; Editing by Christian Schmollinger)