Friday, May 10, 2013

May 10 - MPOB End-April Inventory & Export Data

Malaysia’s April Palm Oil Exports 1.45 Mln Tons, Down 5.6% on Month

Malaysia’s April CPO Output 1.37 Mln Tons, up 3.1% on Month
Malaysia’s End-April Palm Oil Stocks 1.93 Mln Tons, Down 11% on Month

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Malaysia’s End-April Palm Oil Inventories Slip to 10-Month Low -MPOB

End-March stocks was at 2.17mil tonnes.
This is the first time stock level goes below 2mil since early 2012, before the production peak & export drag throughout 2H12.  

Bullish crop data, but I will be skeptical about further price rise, as the May1-10 export estimates out wasn't as rosy as the end-April crop data.

Malaysia May 1-10 Palm Oil Exports Down 17% on Month -Intertek
Malaysia May 1-10 Palm Oil Exports 380,047 Tons -Intertek
  

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