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


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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