Wires

Malaysia end-Sept palm oil stocks rise to 2.4 mln T -MPOB

KUALA LUMPUR, Oct 10 (Reuters) - Malaysia's palm oil stockpiles at the end of September rose 9.3% from the previous month to 2.4 million tonnes, industry regulator Malaysian Palm Oil Board (MPOB) said on Thursday. Palm oil output in September in the world's second-largest palm producer gained 1.2% to 1.8 million tonnes from the previous month, while exports dropped 18.8% from August to 1.4 million tonnes, according to the MPOB data. A Reuters survey had forecast palm oil stockpiles at the end of September to rise by 11.9% to 2.52 million tonnes. Production was seen gaining 4.6% to 1.91 million tonnes, and exports were seen falling 19.4% to 1.40 million tonnes. The following is a breakdown of the Malaysian Palm Oil Board figures and Reuters estimates for September:

(volumes in tonnes)

Sept 2019 Sept 2019 poll Aug 2019 Sept 2018Output 1,842,433 1,906,313 1,821,548 1,853,602Stocks 2,448,272 2,520,000 2,240,523* 2,529,455Exports 1,409,945 1,396,820 1,735,645* 1,619,482Imports 71,112 52,800 51,055 61,599*indicates revised figures by the Malaysian Palm Oil Board

(Reporting by Emily Chow; Editing by Tom Hogue)