Malaysia's palm oil stocks down 6.56 pct month-on-month in February

palm oil

KUALA LUMPUR, March 10 (Xinhua) -- Malaysia's palm oil stocks fell 6.56 percent from January to 2.12 million tons in February, official data showed Friday.

According to the Malaysian Palm Oil Board, Malaysia's crude palm oil production also decreased by 9.35 percent month-on-month to 1.25 million tons in February.

Meanwhile, the country's palm oil exports slipped 1.99 percent month-on month to 1.11 million tons.

Palm oil imports, on the other hand, plunged 63.81 percent month-on-month to 52,446 tons.