Malaysia's palm oil stocks rise to 2.09 million tons in August

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Malaysia's palm oil stocks rise to 2.09 million tons in August

STORY: Malaysia's palm oil stocks rise to 2.09 million tons in August DATELINE: Sept. 12, 2022 LENGTH: 00:01:34 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of workers harvesting palm seeds on tree 2. various of palm oil plantation area 3. various of palm oil factory and oil truck on road STORYLINE: Malaysia's palm oil stocks rose 18.16 percent from the previous month to 2.09 million tons in August, official data showed Monday. According to the Malaysian Palm Oil Board, the world's second-largest palm oil producer saw its crude palm oil production grow 9.67 percent month on month to 1.73 million tons in August. Palm oil exports slipped 1.94 percent month on month to 1.3 million tons in the same month. From January to August, Malaysia exported 9.81 million tons of palm oil worth 59.93 billion ringgit (13.31 billion U.S. dollars). Xinhua News Agency correspondents reporting from Kuala Lumpur. (XHTV)

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