Malaysia's palm oil stock falls to 1.67 million tons in March

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Malaysia's palm oil stock falls to 1.67 million tons in March

STORY: Malaysia's palm oil stock falls to 1.67 million tons in March DATELINE: April 11, 2023 LENGTH: 00:01:45 LOCATION: Kuala Lumpur CATEGORY: ECONOMY SHOTLIST: 1. various of gathered palm fruits 2. various of trucks carrying a bunch of palm fruits on the road 3. various of palm trees plantation area STORYLINE: Malaysia, the world's second-largest palm oil producer, saw its palm oil stock plunge 21.08 percent month on month to 1.67 million tons in March, official data showed Monday. The Malaysian Palm Oil Board said in a statement that the country's crude palm oil production rose 2.77 percent month on month to 1.29 million tons. Malaysia's palm oil exports also surged 31.76 percent monthly to 1.49 million tons. Its palm oil imports slumped 24.25 percent month on month to 39,772 tons. Xinhua News Agency correspondents reporting from Kuala Lumpur. (XHTV)

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