Wednesday, April 10, 2013

April 10 - MPOB March'13 Inventory & Export Data


Malaysia March CPO Output 1.33 Mln Tons; Up 2.2% on Month -MPOB


Malaysia’s March Palm Oil Exports 1.54 Mln Tons, Up 10% on Month -MPOB
Malaysia End-March Palm Oil Stocks Fall 11% to 2.17 Mln Tons -MPOB

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Note that production didn't exactly came down in March. 
Increase in export demand seems pretty encouraging though, enough to offset the flattish rather than slowing down output, easing the end-March stockpile by 11%.

Early April (Apr 1-10)export estimates by ITS also show slight pick up in demand to 456,440 ton, up 3.5% mom.
 

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