Malaysia end-Dec palm oil stocks fall 11% to 2 million tonnes

KUALA LUMPUR: Malaysia's palm oil stockpiles fell to a 27-month low of 2.01 million tonnes by the end of December, down 11% from the previous month, industry regulator the Malaysian Palm Oil Board (MPOB) said on Friday.

A Reuters survey had forecast stockpiles to fall 8.5% to 2.06 million tonnes, their lowest since Sept 2017. December production in Malaysia, the world's second-largest palm producer, was down 13% at 1.33 million tonnes versus the previous month, while exports fell 0.7% to 1.4 million tonnes, the MPOB data showed.