Malaysia November palm oil inventory up 16% on month at 2.56 million metric tonne.

Malaysia’s crude palm oil inventory in November rose 16% on month to 2.56 million metric tonne, and exports declined 12% to 1.35 million metric tonne. However, palm oil production was down 3.3% on month at 1.9 million metric tonne in November. Stocks of crude palm oil were at 1.49 million metric tonne at the end of November, up 21% on month. Processed palm oil stocks were also up, rising 10% on month to 1.07 million metric tonne. Malaysia is the world’s second-largest producer and exporter of palm oil. Biodiesel exports from Malaysia were at 9,087 metric tonne in November, up from 5,572 metric tonne sold overseas in October.