Malaysia's Palm Oil Exports Climb 0.93 Pct To 1.54 Mln Tonnes In September - MPOB

KUALA LUMPUR, Oct 10 (Bernama) -- The Malaysian Palm Oil Board (MPOB) reported that palm oil exports in September 2024 saw a marginal increase of 0.93 per cent to 1.54 million tonnes from 1.53 million tonnes in August 2024.

It said Malaysia’s crude palm oil (CPO) production dropped 3.8 per cent, or 71,926 tonnes, to 1.82 million tonnes in September 2024, from 1.89 million tonnes in August. 

Palm kernel output eased by 4.87 per cent month-on-month to 433,785 tonnes in September from 455,976 tonnes previously, MPOB said in its report on the palm oil industry’s performance for September.

bootstrap slideshow

The production of crude palm kernel oil output was down by 6.45 per cent to 193,836 tonnes from 207,194 tonnes in August, while palm kernel cake fell by 5.34 per cent to 215,166 tonnes from 227,302 tonnes previously.

In terms of inventory, the agency reported that CPO stocks rose by 10.91 per cent to 1.06 million tonnes against 953,145 tonnes in August.

Processed palm oil stockpiles gained 2.85 per cent to 956,726 tonnes from 930,069 tonnes in the preceding month, while total palm oil stocks climbed 6.93 per cent to 2.01 million tonnes from 1.88 million tonnes in August.

bootstrap slideshow

MPOB noted a significant surge in palm kernel oil exports, which jumped 45.06 per cent to 126,446 tonnes in September from August. Palm kernel cake exports bounced 33.99 per cent to 232,944 tonnes in September from August.

However, oleochemical exports declined by 5.72 per cent to 257,825 tonnes from 273,395 tonnes in August, and biodiesel exports fell sharply by 43.95 per cent to 16,793 tonnes from August’s 29,963 tonnes.

MPOB reported that CPO imports remained at zero while palm kernel oil imports slid 20.68 per cent to 10,887 tonnes from August.

-- BERNAMA