Thursday, February 10, 2011

Malaysian palm oil output falls 14.18pct in January

KUALA LUMPUR: Malaysian palm oil output fell 14.18% to 1.057 million tonnes in January from 1.232 million tonnes in December, according to the Malaysian Palm Oil Board (MPOB).

It said on Thursday, Feb 10, the output declined by 174,791 tonnes from 1.232 million tonnes in December.

In Peninsular Malaysia, the output fell 11.49% to 572,795 tonnes, Sabah recorded a 19.08% decline to 400,876 tonnes and Sarawak 12.94% lower at 184,691 tonnes.

MPOB said the stockpile fell to 1.418 million tonnes, down 12.17% from 1.615 million tonnes in December.

CPO futures for the third month delivery rose RM4 to RM3.935 per tonne.

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