Malaysia's palm oil stocks down 6.56 pct month-on-month in February

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Malaysia's palm oil stocks down 6.56 pct month-on-month in February

STORY: Malaysia's palm oil stocks down 6.56 pct month-on-month in February DATELINE: March 11, 2023 LENGTH: 00:01:23 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of palm trees plantation area 2. various of gathered palm fruits and a backhoe loader in a palm oil plantation area 3. various of palm fruits STORYLINE: Malaysia's palm oil stocks fell 6.56 percent from January to 2.12 million tons in February, official data showed Friday. According to the Malaysian Palm Oil Board, Malaysia's crude palm oil production also decreased by 9.35 percent month-on-month to 1.25 million tons in February. Meanwhile, the country's palm oil exports slipped 1.99 percent month-on-month to 1.11 million tons. Palm oil imports, on the other hand, plunged 63.81 percent month-on-month to 52,446 tons. Xinhua News Agency correspondents reporting from Kuala Lumpur. (XHTV)

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