Malaysia Sept palm oil inventory up 4% on month at 2.02 million metric tonne.

Malaysia’s crude palm oil inventory in September rose 3.98% on month to 2.02 million metric tonne, while exports increased 1.82% to 1.52 million tn. However, palm oil production declined 1.69% on month in September to 1.78 million tn. Crude palm oil stocks were at 1.07 million metric tonne at the end of September, up 0.96% on month. Processed palm oil stocks were also up, rising 7.58% on month to 952,550 tn. Malaysia is the world’s second-largest producer and exporter of palm oil. Biodiesel exports from Malaysia were at 8,393 metric tonne in September, down from 12,375 metric tonne sold overseas in August.