Malaysia's palm oil stocks fall 4.09 pct month on month in December

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Malaysia's palm oil stocks fall 4.09 pct month on month in December

STORY: Malaysia's palm oil stocks fall 4.09 pct month on month in December DATELINE: Jan. 11, 2023 LENGTH: 00:01:14 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of palm fields 2. various of harvesting palm fruits STORYLINE: Malaysia, the world's second-largest palm oil producer, reported lower palm oil stocks last December, official data showed Tuesday. According to the Malaysian Palm Oil Board, Malaysia's palm oil stocks fell 4.09 percent to 2.19 million tonnes in December 2022 from a month earlier. Meanwhile, crude palm oil production in the country slipped 3.68 percent month on month to 1.62 million tonnes. Palm oil exports, on the other hand, dropped by 3.48 percent month on month to 1.47 million tonnes. Palm oil imports, however, grew 0.14 percent month on month to 47,114 tonnes. Xinhua News Agency correspondents reporting from Kuala Lumpur. (XHTV)

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