Crude palm oil (CPO) stocks also increased by 10.79 percent to 1.416 million tonnes during the month from 1.278 million tonnes in the preceding month.
Stocks of processed palm oil fell 8.29 percent to 1.124 million tonnes from 1.226 million tonnes previously, said the Malaysian Palm Oil Board (MPOB) in its “Performance of the Malaysian Palm Oil Industry for the Month of September 2018” report released here today.
It said CPO production rose 14.38 percent to 1.853 million tonnes in September from 1.620 million tonnes in the previous month.
Palm kernel output was also up by 16.37 percent to 462,795 tonnes for the month under review versus August’s production of 397,683 tonnes.
The MPOB said palm oil export increased 47.18 percent to 1.618 million tonnes in September from 1.099 million tonnes in August, while export of oleochemicals eased 0.81 percent to 244,957 tonnes from 246,954 tonnes previously.
Palm kernel oil export declined 20.39 percent to 62,881 tonnes from 78,987 tonnes in the preceding month, while export of palm kernel cake fell 19.95 percent 171,234 tonnes from 213,898 tonnes before.
In September, biodiesel export decreased 28.72 percent to 28,037 tonnes against 39,333 tonnes in August.
Source:MalaysiaMail
