Malaysian palm oil stocks fall

KUALA LUMPUR, July 11 (Borneo Post): Malaysia's total palm oil stocks in June 2015 declined 4.33 per cent to 2.15 million tonnes against the 2.25 million tonnes recorded in the previous month.
In a statement Friday, the Malaysian Palm Oil Board (MPOB) stated that crude palm oil (CPO) stock for June decreased 14.55 per cent to 1.10 million tonnes against 1.29 million tonnes previously.
Processed palm oil stock grew by 9.42 per cent to 1.05 million tonnes in May.
Total CPO production eased 2.58 per cent to 1.76 million tonnes at end-June against 1.81 million tonnes recorded previously.
Exports of biodiesel for June was significantly higher at 22,670 tonnes, up 1,625.67 per cent from 1,314 tonnes previously.
Export of palm oil increased 5.19 per cent to 1.697 million tonnes compared to 1.613 million tonnes in May.
Meanwhile, import of CPO for June rose by 8.40 per cent to 79,396 tonnes compared to the previous month, while palm oil imports inched up 2.36 per cent to 103,496 tonnes.
The average fresh fruit bunches (FFB) price in June was quoted at RM23.66 per tonne, up four per cent from RM22.75 per tonne previously.