KUALA LUMPUR (Jan 10): Malaysia's palm oil stocks declined for a third consecutive month, falling 6.91% to 1.71 million tonnes at the end of December, data from the industry regulator showed on Friday.
Crude palm oil production was down 8.3% in December from November to 1.49 million tonnes, while palm oil exports plunged 9.97% to 1.34 million tonnes, the Malaysian Palm Oil Board (MPOB) said.
A Reuters survey had forecast inventories at 1.76 million tonnes, with output seen at 1.48 million tonnes and exports at 1.38 million tonnes.
