KUALA LUMPUR (April 12): Malaysia’s March 2021 crude palm oil (CPO) output charted its first month-on-month gain in six months after climbing 28.4% as CPO production across Peninsular Malaysia, Sabah and Sarawak increased.
In a statement, the Malaysia Palm Oil Board (MPOB) said Peninsular Malaysia posted a 31.3% gain in production to 821,947 tonnes, while Sabah and Sarawak reported increases of 29.9% and 19.9% to 299,904 tonnes and 301,503 tonnes respectively.
CPO stocks increased 12.4% to 742,742 tonnes, while processed palm oil stocks increased 9% month-on-month, translating to a 10.7% increase in total palm oil stocks to 1.44 million tonnes.
Meanwhile, total palm kernel oil stocks fell 7% to 251,755 tonnes.
Palm oil exports for the month increased 31.8% to 1.18 million tonnes, while palm kernel oil exports rose 45.7% to 94,073 tonnes.